Friendly Neighborhood Spider-Man #1 marks the return of Morlun – yes you read that correctly – so sit back, buckle up and enjoy the ride. Who knows?! Dex might even show up!!

Oh yeah, and another thing. Unless you've been living under a rock, you should know that Spidey is now an Avenger and that he resides at Stark Tower, the headquarters of the Avengers, with Mary Jane and Aunt May.

ACT 1: The story opens up with Peter Parker telling his wife Mary Jane about a strange dream he had. In it, Morlun is rolling a body into a morgue, on top of which there is a frog. Then suddenly, Kraven the Hunter appears, dress in a tutu and holding a large knife, and throws himself at him. Then, Uncle Ben appears, holding a pair of fuzzy dice, and he says "to everything there is a season. A time to live...a time to..." and then everything goes black, except for the dice, with snake eyes, and a voice whispers: "you lose". Peter goes on explaining that ever since he had that dream, he’s been afraid to lose it all. Then he goes on and on about how he feels about the whole thing, until MJ tells him to focus on the here and now, which happens to be them "getting it on".

ACT 2: The next morning, a robbery is taking place at a midtown bank. The burglar, a man known as Tracer, seems to have things under control and, though Spider-Man shows up, he appears unfazed and unimpressed by his arrival. Gun in hand, he takes two shots at Spidey. Spidey dodges the bullets and webs his gun to his hand. But, as he lands in front of Tracer and prepares to take him into custody, his spider-sense kicks in. As he turns around, he sees the two bullets flying back towards him. Surprisingly, Tracer steps in front of him and explains that now that the bullets are locked on him (i.e. Spidey), they'll avoid any other person, until they’ve gotten to him. As he says that, the bullets go right around him and head towards Spidey. Spidey immediately web-slings away, trying to outrun the bullets, while Tracer goes back inside the bank to finish what he started.

ACT 3: As Spidey continues to elude the bullets, he recalls a conversation he had, as Peter Parker, with Mary Jane and Captain America (a.k.a. Steve Rogers), while participating in a yoga-relaxation-type of session with the two of them earlier that day. You see, to try and help Peter make sense of his strange dream and worried that perhaps Peter might be afraid to die, MJ confided into Captain America and asked him to train the both of them to fight. Cap naturally agreed so the training began, which is what they are doing at the above-mentioned session. Cap tells Peter that instead of operating on instinct, he needs to focus his energy, his chi, into one considered calculated move, rather than twenty reactive moves, no matter how well executed they are. Cap adds that, in doing so, he will find himself doing things he didn’t know he could do. As those words echo into his brain, Spidey lands on the sidewalk and turns to face the incoming bullets. Then, reaching into himself and focusing on the bullets, he opens both his hands and snatches them. Or so it seems. As he opens his right hand, there is a bullet in it, but as he opens his left hand, there is a hole in his hand, from which blood pours out. The bullet went right through his left hand and into his shoulder, which is now also bleeding profusely. As the pain courses through his body, he passes out.

ACT 4: A short time later, Spidey is being taken care of by Doctor Castillo, who was recommended by Captain America. Doctor Castillo extracts the bullet from his shoulder and wraps it in heavy bandages. She then proceeds to draw blood since it is routine for her to be running some blood work on all her patients, which – it is revealed – are mostly superheroes, who'd rather avoid legal scrutiny. While she draws blood, she makes him tell her his real name simply by making him feel guilty about not telling her. She then tells him that she'll call him with the results of the blood work later on.

ACT 5: A short time later, at Stark Tower, headquarters of the Avengers, Mary Jane and Peter have a heated discussion about him going out on patrol after having just been shot. Peter fails to convince MJ that he needs to find Tracer right away; still he goes out the window and web-slings away, leaving a worried MJ behind once again.

ACT 6: Having tagged Tracer with a spider-tracer (oh, the irony!), Spidey soon picks up its signal, which appears to be coming from a nearby moving limousine. After webbing his automatic camera to the side of a building, he makes his way down towards the limousine and causes it to crash into a hydro pole. He then proceeds to tear the sunroof off and grab hold of its occupant who happens to be – not Tracer – but J. Jonah Jameson. As he stares at Jonah in disbelief, he notices his spider-tracer attached to the wing on top of the limousine's trunk.

ACT 7: Later that night, Peter – still in his Spider-Man costume but sans mask – lies in bed, moping about how he was tricked by Tracer, when the phone suddenly rings. He answers. It is Doctor Castillo; she cuts to the chase and informs him that they need to run some more tests because the initial tests have indicated some very bad things. As Peter absorbs the information, he is unaware that, across the street, Morlun is watching him from a building rooftop and muttering the words: "Snake Eyes. You lose."

To be continued in Marvel Knights Spider-Man #19.