Peter is walking with Aunt May and Nathan Lubensky, when they are almost run down by bank robbers in a speeding car. As Spidey, Peter stops the car but one robber, Georgie, escapes down the sewer and stumbles on one of the Green Goblin’s secret hideouts. Anna Watson, in Florida with Mary Jane, calls May. Pete brings his photos to the Bugle. JJJ is out so Robbie ups his rate but Pete is startled to learn the chase ended at an Osborn warehouse. Meanwhile, Georgie sells the Goblin’s old gear to a shadowy figure, who removes the equipment, torches the warehouse, and then blows up his van, killing Georgie. The killer re-dyes and alters the Goblin costume, taking on the guise of the Hobgoblin.