The Hobgoblin is revealed to be Flash Thompson! No!
Of course not.
At first, I was all “Oh my God Flash Thompson is Hobgoblin” and the I was like “No, he’s not.”
Nobody was fooled by this.
Written by Craig Anderson, who wrote only one other comic book (as far as I know) and drawn by Keith Cockrum’s wife (who must have known that’s why she got the job, and therefore was too embarassed to have her last name listed in the credits). When Marvel goes for a filler issue, they don’t kid around.