The life of the Penguin unfolds as the Joker gives readers a look at Oswald Cobblepot's life from youth to present.
The Joker tells a story of The Penguin's life from when he was a child and of him recently.
As a child he was laughed at by the girls at his school, so he tried to get revenge by unleashing his birds on the girls which began to scratch and bite them. After thinking that he had gotten his revenge, the girls attacked him with baseball bats. Seeking comfort from his birds he goes to stroke one which in turn bites him and in a fit of rage Cobblepot murders the bird.
In his later life Cobblepot rescues a young woman from being sold and begins to fall in love with her, but after she finds out that he has killed people, he sends her back.