She-Hulk is at a circus, testing her strength by lifting two elephants into the air. The circus offered to let her use their grounds as a training area. The resident strongman comments on how impressive Jen's display is, but she comments that it is nothing for someone who can bench press seventy-five tons. She also mentions that her cousin, the Hulk, hid out in a circus much like this one, back in issue #1 of the Avengers comic. Bruno says that he had heard rumors about her being the Hulk's cousin, but never knew if they were true. Jen confirms that they are, but that she hasn't made a point of revealing the details of her life to the world, even though she doesn't have a secret identity. Suddenly, a voice calls out "Perhaps you'd care to tell us all about it now, Ms. Walters...." She-Hulk turns to see who spoke--and looks right into the hypnotic effect of the Ringmaster's hat! She-Hulk has fallen into the trap of the Circus of Crime, and is now their mindless slave! The Clown reminds Ringmaster of the three million dollars they were offered...but the Ringmaster silences him. "That money is as good as in the bank, but we will earn it in a manner of ‘my’ choosing! The Circus of Crime may be for hire...but only on ‘my’ terms!"
Elsewhere, a group of scientists are monitoring the Circus. One of them comments that he is uncomfortable with employing felons, but his colleague reminds him that the Circus is only presumed felons--no charges have ever been made to stick to them. Besides, he says, it isn't like they were going to act on their own against someone as powerful as She-Hulk. The man with glasses comments that he is worried about how "he" is going to react--pointing at some non-humanoid creature in the next room. His colleague says that he isn't concerned about that.
Back at the circus, Ringmaster has She-Hulk tell them of her origin. She first tells them of how her cousin Bruce became the Hulk, and then how years later he had to give her a blood transfusion to save her life, which ended up transforming her into the She-Hulk. She then goes on to mention her membership in the Avengers and Fantastic Four, and how she is now permanently locked in She-Hulk form. Ringmaster says he has heard enough, and that it is time to move on to phase 2 of the plan. He has the Professor, their make-up expert, begin his work...and two hours later, She-Hulk has been transformed into "Glamazonia"! He has covered her with flesh-tone makeup to make her appear human again, and given her a red wig. As the men admire the Professor's work, Princess Python storms in and demands to know what is going on! She is supposed to be the sex appeal for their group, and she is not happy to see another woman added to the act. Ringmaster assures her that Glamazonia is only a temporary addition and that she'll understand better tonight.
That night, the audience arrives for a free show. As the people arrive and take their seats, they notice that only one stand of bleachers is open and that the seats have seatbelts. Once everyone is seated and buckled in, the Ringmaster starts the show—and Glamazonia lifts up the bleachers and carries the audience around the room! Then the Ringmaster zaps the audience with his hypnotic hat, putting them all into a trance. Then Glamazonia tips the bleachers upside down, so that all of their wallets, purses and jewelry fall out! Zelda is impressed--it is the same scheme that the Circus usually pulls, only now they don't have to go up into the stands to steal all the booty. It is now faster and easier for them. Glamazonia puts the audience back in their place, and the Ringmaster hypnotizes them all into believing that they have just seen the greatest show on Earth! The audience departs, raving about the show, and none of the wiser of having been robbed!
The Circus counts their loot, and the Ringmaster comments that they will do even better the next night when they have a whole tent full of victims.