Finding the Hobgoblin stealing an experimental matter transporter from Oscorp, Spider-Man tackles the villain, causing the experimental device to explode! When the smoke clears, the Hobgoblin and Spider-Man have disappeared, and in their place now stands the Spider-Goblin! A bizarre merging of hero and villain, the Spider-Goblin is so unpredictable even he doesn't know what he is going to do next!