Last month, in SPECTACULAR SPIDER-MAN #146, the effects of Inferno caused Harry Osborn's chemical factory to come to life and attack Harry and Spider-Man. Now the Hobgoblin wants something from Harry, but he may get more than he's bargained for because the Inferno is affecting Harry's mental well-being.
Back at the ruins of the chemical plant, Spidey is waiting after dark to see if the Hobgoblin returns. He does and they battle, until something rises from the ashes and grabs Pete. It is another of the weird inanimate things that's been happening. Hobgoblin flies off, as surprised by it all as Spidey is.
Spidey eventually manages to break free from the creature and wonders what on earth just happened.
Meanwhile, Gloria Grant and Eduardo Lobo walk arm-in-arm through a mall. It has only been one day since they met in the lobby of the Daily Bugle but they both feel as if they have known each other forever. Eduardo declares it "destiny" while Glory admits to herself that she is "head over heels in love". The new lovebirds walk by a coffee shop. Inside, Ben Urich and Joy Mercado share a table and discuss the next move for their investigation. Ben recognizes Glory as she passes. He also recognizes her companion. But before he can relay this fact to Joy, Inferno arrives at the mall.
Suddenly, the escalator rips loose from its base. It writhes and bucks like a frantic snake. Glory and Eduardo are right at the top of the escalator when it begins. Eduardo gives "a feral snarl", grabs Gloria in his arms and leaps down to the floor below, landing unhurt on his feet. Glory is too shocked by the events to take note of her lover's abilities. Joy and Ben are also drawn into the craziness. Even these two hardened reporters realize they must put the Kingpin story aside and deal with the events happening all around them.
Out in Queens and Peter and MJ persuade May to look after MJ's cousin Kristy. Pete tells MJ he is worried about Harry and swings off to check on him. At Harry and Liz's, Harry is wide-eyed and crazed.
The Hobgoblin shows up and attacks the house looking for the Green Goblin's formula. There is a really good battle between Hobgoblin and Spidey before Harry cracks and reveals the formula is in an apartment safe in the city. He tells Spidey the same information and he goes after Hobgobin.
JJJ is looking out over a burning NYC thinking the apocalypse is upon them, while on the final page Harry digs out a Green Goblin uniform…