Features the Comic Book Guy in various disguises, including Flash, Spock, Bizarro, Green Lantern, Batman and many more.
Final story of the Simpsons side of the flipbook.
Final story of the SpongeBob side of the flip book.
It appears that Ramona Fradon did the art for the panels that show the contents of the Mermaid Man comic that SpongeBob is reading. Mermaid Man is a parody of Aquaman.