But she told him she couldn't accept expensive items from people she reported on.
That would only matter if Lex actually listened to Lois, which he really doesn't.
LOIS: He really needs to get control of that jealous streak and trust me more.
That is becoming progressively harder the more it looks like she is actually dating Luthor.
So is this Jason's father or brother?
Father. I thought it looked weird to have Lois say the "old man", she's more PC than that.
But it would be much less confusing for us.
This story is really focusing a lot on watches.
It wasn't supposed to. Sorry.

Well the plot for the last 20+ parts has been heavily driven by a watch, and Lois getting this one has just increased that.
Thank you. Since this is all one story the continuity is supposed to be there. (Okay, the same could be said of a TV show...)
It could be, but Lois and Clark really was not, although they were not nearly as bad as some shows. In a lot of ways Season 1 was the worst in lack of continuity, although some later episodes, like "Top Copy" and maybe in some ways "That Old Gang of Mine" seem to just be ignored in plot development and character development.
But Lois said for Clark NOT to have Superman stop by, because Mr. Law and Justice would take Eugene to jail.
Oh, is that why she didn't want Superman to come by. Still, I think it would do Clark good to see her without the watch.
So is she not wearing the watch, or has he managed to ignore it?
CLARK: Gee, thanks for reminding me!
It's not my fault Lois chose to accept such an expansive and flashy gift.
Or Lois could give him a wallet. Maybe then he would be less mad about her getting a watch from Luthor.

I'm sorry Spoilage Police have notified me that my previous sentence might have been too revealing. My apologies.

I was hoping I would really learn something.