This is the last episode of the Enies Lobby Arc. The Going Merry is destroyed. The Straw Hats' journey on the Going Merry ends after 296 anime episodes. They will be without a ship for 8 episodes, until the unveiling of the Thousand Sunny in Episode 321.

What episode does the Going Merry die?

Farewell to the Going Merry (Episode 312)

Does the Going Merry get destroyed?

With her last words and a tearful goodbye from her crew, the Going Merry was finally destroyed, and an invaluable member was forever lost.