Viewer discretion is advised, as the following message contains the 1000 truths of Narutard.
Pain will live and Jiraiya will die after getting thrashed by Pain, but not before realizing some giant secret to his power. Naruto will be compelled to whoop Pain's ass after hearing of his master's death and will go after to fight Pain, but he will get owned by Pain first. Then, in the middle of the battle he'll come upon some great revelation and defeat Pain. Trust me, this is what will definitely happen because I am a man who can predict the future (of Narutard).
This writer may or may not be a quack ahahahaha