A gigantic, walking blast furnace that feasts on metal from lampposts, cars, and power transformers, is loose in New York City. Spidey webs its two legs, ties a rope around its middle, and pilots a tugboat to pull it into the water of New York Harbor. Water douses its fire... A ghoulish villain, the Green Goblin, plans to conjure demons of the spirit world to do his bidding and to this end uses J. Jonah Jameson as a hypnotized medium to the evil realm. Spidey trails the Goblin and Jameson to a cemetery to battle the green-skinned ghoul. He webs and tips the Goblin's cauldron from which the evil spirits are emerging. The spirits disappear as the cauldron's liquid contents seep into the ground, and Spidey webs the Goblin. The recuperating Jameson has no memory of any of these events.
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