Plot summary
A mysterious stranger (the Asgardian god Loki in disguise) coerces a group of master supervillains to join forces in a conspiracy to destroy the superhero team the Avengers. Loki does this to strike back at his adopted brother Thor, and due to his bitterness that he inadvertently caused the formation of the Avengers.[16] The supervillain team consists of Doctor Doom, the Kingpin, Magneto, Mandarin, the Red Skull, and Wizard. Loki also attempts to recruit Apocalypse, Cobra, and the Mad Thinker, but they all decline. Loki also approaches Namor, but he rejects the offer stating he is not a villain anymore.
To assist the master villains, Loki engineers a jailbreak at the Vault. The lesser villains are then directed against heroes (mainly the Avengers and Spider-Man) who have never fought them before, the theory being that the unfamiliarity will act in the villains' favor.
While this does result in some unusual battles, the plan falls apart when the master villains fail to cooperate and instead bicker with each other. An example of this is where Magneto, a mutant and a Jewish Holocaust survivor, attacks the Red Skull, whose Nazi beliefs include a prejudice against mutants, and imprisons him in a buried crypt. The supervillain pawns are defeated by the heroes. A frustrated Loki reveals himself and imprisons the Red Skull, Mandarin and Wizard. Meanwhile, Doctor Doom is revealed to have been using a Doombot, Kingpin makes a timely exit and Magneto is not present. The Avengers track the group and defeat the villains, with Thor forcing Loki to flee back to their home of Asgard.[17]
Loki commits one last act of villainy and fuses three Sentinels to form the robot Tri-Sentinel, so that it can destroy New York City. The Tri-Sentinel is stopped by Spider-Man, who at the time possessed the powers of Captain Universe.[18]