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After saving a gem courier from a couple of muggers late one night, Spider-Man is contacted by a talent scout called Hal Hunter, who was observing him nearby. In reality, Hunter is working for the Kingpin, and he is told to use an offer of money to lure Spidey into taking photographs of an art exhibit at the Graham Arts Museum. Unbeknownst to Spidey, the camera he used contained infra-red film that the Kingpin's goons use to find the location of the sensor-beams guarding the statue, and manage to steal it. The next day, with Spidey blamed for the statue's theft, the Bank Bonanza quiz show offers a grand prize of a million dollars. Hunter offers Spidey the job of "courier" to transport the money to the show, but the real money was stolen by the Kingpin's forces, with Spidey giving the studio a case full of counterfeit bills. With Spidey now blamed for the theft of the money as well, he figures out that Hunter set him up, and after visiting him, is offered one last job to fix the Hapsburg Clock above the International Diamond Exchange. The Kingpin decides that Hal Hunter has outlived his usefulness, and decides to get rid of him after this last job. With Spidey now knowing that Hunter has been using him on behalf of the Kingpin, he prepares to prevent the Kingpin from stealing diamonds from the exchange and save Hunter.

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According to a news report on crime shown in this episode, Spider-Man has been around for 10 years, meaning that (going by the production date of this series) he began his career in 1971, with his current age around the mid-twenties.