Meanwhile, the dissolution of Hammer Industries Super-Villain program, the same program responsible for training Hydro-Man and The Shocker, has left some of Spidey's most dangerous rogues with an unhealthy excess of free time. Idle hands make for evil thoughts, they say. Can it be long before someone steps forward to make use of these untapped resources? Not when you have Spider-Man's luck.

ACT 1: The story opens up with Fred Myers, commonly known as Boomerang, who just landed at an airport in New York. After going through customs, he takes a cab to parts unknown...for now. Meanwhile at Midtown High School, Peter Parker, a.k.a. Spider-Man, breaks up a fight between a pair of students and gives them both one-week detention each. Peter doesn't seem the impress the two students very much as he bears a nasty black eye and has cuts all over his face. The principal also notices them on Peter's face and confronts him about it. Peter lies right to his face.

ACT 2: Meanwhile, in an office building somewhere, Buck Masterson, Edwin Hills, and Gary Wisen, three filthy billionaires, meet with Mr. Hart, who introduces them to Boomerang and his newest plan, which has something to do with superheroes fighting supervillains. The story switches to Midtown High where the two kids that were fighting earlier are in detention with Peter Parker, who is supervising them. When Peter asks them why they were fighting, one of the two students answers that they were fighting because the other students had always been wondering who would win if they'd fight. Peter replies that it's the dumbest thing he has ever heard.

ACT 3: Later that night, Peter, as Spider-Man, visits his old buddy Flash Thompson who remains in a coma at the hospital. He tells Flash that he forgives him for all the times he picked on him back when they were in high school. As somebody approaches the room, Peter/Spider-Man exits the room through the window and swings away.

ACT 4: A short time later, as our hero web-slings through the New York City skies, we hear a conversation between Mr. Hart and his three associates regarding certain aspects of their plan. Mr. Hart mentions creating a conflict and connecting an audience with the action, just as several men are seen entering a building where a large screen shows a live feed of Spider-Man swinging through the City.

ACT 5: Meanwhile, Spider-Man continues his patrol when suddenly – before his spider-sense can even alert him – his web-line gets cut. He begins to fall so he frantically shoots his web to try and slow down his fall but for every strand of web he shoots, tiny razor-sharp boomerangs appear and cut his web-line over and over again. He ends up falling into a dumpster where he realizes that his attacker is none other than Boomerang. Spidey jumps out of the dumpster and confronts Boomerang. Boomerang throws dozens of boomerangs at Spidey, who dodges them all. Boomerang then throws net-boomerangs, laser-shooting boomerangs, and his classic explosive boomerangs at Spidey, who avoids them all quite easily. Boomerang flies to the top of a nearby building where he waits for Spider-Man. After trying to use one of Boomerang’s boomerang against him and failing miserably, Spidey joins Boomerang on the rooftop, where Spidey quickly webs him up and makes him punch himself in the face by pulling on some of his webbing, just like a marionette. He then grabs Boomerang and slams him in a nearby wall, which renders him unconscious. As he busies himself webbing up Boomerang, Spidey notices that miniature cameras are strapped to Boomerang's costume and to nearby buildings. As Spidey ponders about just what the heck is going on, the story cuts back to the test audience who are watching Spidey live on a giant screen television. It appears that members of the test audience were betting on this battle. To be continued.