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Spider-Ham is down and out as he realizes he is out of ideas because he doesn't have any thought balloons. He begins his quest to find his missing thought balloons and stumbles across a large scale super hero battle.
As Doctor Strange is spouting off enchantments, Spider-Ham is transported across a sea of parallel worlds.
We see "The 'Ham" in Saigon, Wolverham, Iron Ham, Green Ham (and eggs), plus other one page shots of ham based heroes.
In the end, Spider-Ham is able to acquire some thought balloons just before seeing one more dark possibility of another world.