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Peter Parker needs his old costume, so he goes to the lab of the inventor Smythe, who created the robot J. Johna Jameson used to try and beat Spiderman with. During that battle Parker had to remove his costume in order to escape. While there he witnesses an argument between Smythe and a man named Raxton, which results in an accident turning Raxton into, THE MOLTEN MAN. At first Raxton is confused when he walks out of the lab, but on the street he gets mad at a driver and smashes the car with his fists.
Realizing his power Raxton decides he can be a super villain, but before he can do anything Spiderman comes in through his window and asks Raxton to turn himself in stating that so far no major crimes have been committed. Of course Raxton doesn't listen and a fight breaks out. Using brains and his webbing Spiderman is able to defeat the Molten Man with a minimal fuss.
After the fight, Peter goes to his graduation, where he meets Liz Allan, who seems to be pretty sad. She tells Peter that she loves him more than just a friend.