Phil Goblin decides that going after Hobgoblin might help him establish himself as a hero. He uses his uncle’s information to stalk the villain until he can force a confrontation. Before that, he asks The Thing for help…
Really? Thing answers the phone at the Baxter Building?
Anyway, Phil attacks and is soundly defeated by Hobgoblin.
The clash gives him nightmares of being attacked by all the past goblin-types. That takes up most of issue #5, which has art by Kevin Kobasic–a welcome change from Scott McDaniel, whose extremely stylized (amost cartoonish) art often makes it hard to understand what’s even happening on a page.