As JJJ practices with the new Spider-Slayer, the Will O’ The Wisp attacks a Trans-Con truck and steals a small device. Peter and MJ meet Anna Watson and May Parker who is protesting her landlord’s attempt to remove rent control. His spider-sense tingling, Pete puts MJ on a bus, changes to Spidey and encounters JJJ’s new Spider-Slayer but escapes it. In Far Rockaway, Liz, Harry, and Flash run into Bart Hamilton, Harry’s shrink. Spidey meets Joe Robertson and learns of an envelope JJJ keeps locked in his desk. After breaking in and taking the envelope, Spidey spots a glowing ball and follows it into an offi ce building to see Will O’ The Wisp steal an envelope. They fight, ending up on the Rockefeller Center skating rink, each thinking the envelope on the ice is his. Will O’ The Wisp immobilizes Spidey just as the Spider-Slayer appears.
Will O’ The Wisp’s name revealed in ASM #235, ’82. Liz’ last name spelled “Allen” here.