For those of you who didnt see the preview, it starts off with a villain flying around taking out some criminals. This is supposedly the first glimpse' of Menace (who isnt actually shown in this issue.) It then cuts to Spidey saving some construction workers replacing the Daily Bugle sign from falling. Petes going to his first meeting with the new publisher of The DB, Dexter Bennett. There are two running jokes going on here. One, that Bennett keeps referring to Pete as Porker, Palmer, etc. The other is that even after Pete shows up late, Bennett uses him as an example as the guy that hussles, that in the week hes been there, hes never seen Pete not running here or there. Any way, he offers $10,000 for anyone getting a picture of the new villain.
While swinging around, looking for him, Pete saves a damsel from a mugger. Except that the damsel was actually fighting the mugger. Enter Jackpot. (Pete asks if her name is Cracker Jack or something.) Shes portrayed as a bit of a newbie (which she is) and both berates and asks for Spideys help at the same time. She even tries to claim the new goblin as part of her new rogues gallery. At the end of the encounter, Spidey asks her if her initials happen to be MJ. She, of course, declines to reveal anything.
Which segue-ways into a scene with Pete, Harry, Lily, and Carlie at some batting cages at Coney Island. Pete asks Harry if MJ is back in town and they have a little conversation about that, which leads Pete back on the trail of the new villain. He mistakes Jackpot as a henchman, and punches her (giving her the opportunity to make a crack about hitting the Jackpot
how long do you think theyve wanted to use that line?) the issue ends with Spidey about to be arrested for not being registered
Face it, Tiger. Youre under arrest!