Tom DeFalco and Ron Frenz lay a trail of clues that leads to...the Hobgoblin! The heir apparent to the Goblin mantle -- and the title of #1 nemesis in Spider-Man's life -- has been a compelling mystery since his debut. When his shocking identity is revealed, will you be able to believe it? And when the cosmic Beyonder returns, Peter Parker and the Puma will pair to face him with Mephisto waiting in the wings. Spidey's exploits will also bring him back to his early days and Crusher Hogan, the pro wrestler he grappled with way back in AMAZING FANTASY #15. And topping off this Masterworks volume is the stunning painted art and color of Bernie Wrightson in the Spider-Man graphic novel Hooky!

COLLECTING: Amazing Spider-Man (1963) 271-278, Spectacular Spider-Man (1976) 111, Marvel Graphic Novel (1982) 22, material from Marvel Fanfare (1982) 27