Spider-Man [Peter Parker]; GUESTS: Harry Osborn; Liz Osborn; Mary Jane Watson; J. Jonah Jameson; Marla Madison; VILLAINS: Hobgoblin [Roderick Kingsley]; Hobgoblin Robot; Kingpin; CAMEO FLASHBACK: Green Goblin [Norman Osborn]; Mendel Stromm; Gwen Stacy; Scorpion
Peter attends a party at Harry's place. Harry gets a delivery and runs off after opening it. Peter tracks him down and discovers that Harry is being blackmailed by the Hobgoblin. Peter goes with Harry to the blackmail meeting where he discovers Kingpin. There is a whole room of prominent businessmen who are being squeezed by Hobgoblin, including J. Jonah Jameson. Hobgoblin arrives to make his demands and is confronted by Spider-Man. Spidey is hit by a new and improved goblin gas that knocks him down and robs him of his spider sense. The Kingpin steps in to lend a hand.