The story begins by describing Mt. Monokoa, a volcano which has been dormant for about 300 years. The last time it erupted, it destroyed a nearby island city completely and sent tidal waves around the world. Now, the volcano is showing signs of eruption, threatening the small town (which has been rebuilt over the years) yet again. Lois Lane and Clark Kent are sent to the scene by Perry White, who gives each of them steam tickets to the island, as well as press passes, ordering Lois to keep them safe as she stows them in her purse.
On arrival, Clark can't find his press pass (Lois has it hidden in her purse), and goes back into town to retrieve it as Lois takes a tour of the volcano. Her guide tells her that the plan to save the city is to blow a hole in the side of the volcano, thus altering the course of the lava flow from the town, to the ocean on the other side of the island. Suddenly, the volcano begins to erupt, and lava spews out of its top, flowing towards the town. Lois and her guide are separated. Two men on the other side of the volcano scramble to get to the machinery which will blow a hole in its side, but a giant boulder cuts the wire connecting the dynamite to the machine, rendering it useless. From the town below, Clark sees the volcano let out a particularly explosive blast and says, "This looks like a job for Superman."
He changes into his costume and flies up to the volcano, catching a huge boulder hurtling toward the town and flinging it into the ocean. This momentarily leaves him stunned on a ledge on the mountainside as the lava creeps nearer and nearer to the town and Lois is struggling to get away from the volcano by edging hand over hand along a cable wire connecting two mountains. She makes it to a cable car just as the cable begins to give way. Superman saves her, then flies back, catches the cable car and flings it at a mountain near the advancing lava, causing a landslide which dams up the lava flow to the town. Then Superman flies to the dynamite machinery and notices the cut wire. He pulls the two wires together to complete the connection, and in a huge blast the side of the volcano explodes, and the remaining lava slides harmlessly into the ocean.
In the final scene, Lois and Clark are on the boat home, and Clark commends Lois for her excellent story. Lois remarks that its too bad he wasn't there as well, whereupon Clark pulls the second press pass sticking out of her open purse and says, "I would've been, if I hadn't lost my pass."
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