I think the fact that this episode and the previous one are close together is a red-herring. @slurpeez108 wrote:
I’m glad we’ll finally get to see the Pinocchio/Geppetto back-story. I’m also hoping we can clear up whether August really is Pinocchio or not. It seems like we’ll be finding out answers to lots of the major questions that have been asked on the forum and elsewhere.
I’m hoping the Stranger doesn’t turn out to be Pinocchio. I want him to be a new character like Emma. But it could also be a totally unrelated story within the episode as well.