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Doctor Doom, shown in his hideout, proclaims he alone possesses the power to defeat the Fantastic Four. He then storms away and boards a helicopter, presumably on a mission to prove his boasts are true.

Meanwhile, the FF are relaxing in their headquarters atop The Baxter Building. Johnny, while reading a comic, shoots a barb at Ben, comparing his appearance to that of The Hulk. This offends Ben and a squabble ensues, forcing Sue and Reed to intervene and stop them. Reed begins to lecture the pair as the lights are cut. Outside, Doom, in a helicopter, drops a massive asbestos net over the building, and again proclaims his superiority to the team.

Reed recognizes the assailant’s voice and proceeds to tell the story of Victor Von Doom, a student he knew while attending college. Von Doom was a brilliant scientist with a penchant for the occult, often conducting “forbidden” experiments. His research continued until he eventually unleashed uncontrollable powers which horribly disfigured him and led to his expulsion from campus.

Outside, Doom announces that the FF are his prisoners and demands that Sue be held as a personal insurance plan for the team’s obedience. Sue climbs to the top of the building and offers herself as a hostage. Doom brings her aboard his helicopter and demands that rest come aboard peaceably. The trio complies and the team is transported to Doom’s castle fortress.

Once inside the stronghold, Doom informs them that he has perfected a time machine and demands that they travel to the past and find the treasure of the legendary pirate Blackbeard, in exchange for reward. Reed convinces the others to take Doom at his word and they agree to accept the mission.

The team fades from view and reappears in what appears to be a 17th century colonial setting. They are forced to scramble for period clothing before their presence is discovered, Ben donning a large black beard to hide his rocky appearance. The trio are then drugged and thrown in the hold of a pirate ship. Upon awakening, a furious Thing smashes his way from below decks, allowing the team to use their powers and subdue the crew. Suddenly, the ship is fired upon by another vessel and a battle ensues. The Torch uses his flame to shroud the ship in steam, while Mr. Fantastic and The Thing lead a charge to board the attacking craft. The fight is quickly over and Ben is anointed “Blackbeard” by the victorious pirate crew. Reed splits the treasure among the sailors and hatches a plan to bring only “the chest” of Blackbeard back to Doom. Ben proclaims his intention to remain in the past as a “somebody” and orders Reed and Johnny off the ship on a life boat. A freak sea tornado then destroys the pirate vessel and maroons the trio, treasure chest in tow, on an island. Ben laments his rash behavior just as Doom returns the group to the present.

Back in his castle, Doom informs the FF he was actually after the gems of Merlin, which give their owner the power of invincibility. Upon opening the chest, Doom discovers the bogus treasure, and lashes out at Ben, who strikes back, smashing Doom to bits, and it’s revealed he was actually a robot. The “real” Doom then attempts to suffocate the team from a room above. Sue is able to use her powers to invisibly get away and save the others. The team then escapes from confinement and The Torch attempts “smoke” Doom from his castle, using rings of flame. The limit of The Johnny’s power is reached and Doom is able to escape at story end via jetpack, vowing future conquests.