After a series of robberies at Osborn Manufacturing, a new foe musters their strength and gets equipped for serious mayhem. The Hobgoblin is here, and he fears no one!

Hobgoblin (introduced in Amazing Spider-Man #238) systematically raids Green Goblin's hideouts using information gained from Norman Osborn's journals. When Peter Parker comes to know of this, he guesses the next spot where Hobgoblin will hit. Spider-man meets Hobgoblin for the first time and a fierce battle ensues. Hobgoblin, lacking fighting skills and strength to face Spider-man, is injured. He escapes after damaging some gas pipelines and thereby forcing Spider-man to concentrate on stopping a major gas leak and fire.

Notes:

• Ranked #16 in Wizard Magazine's list of "100 Best Single Issue Comics Since You Were Born".