Daimon and Patsy Hellstrom are tasked to find an occult statue called the Lesser Grey God!
Daimon Hellstrom and Patsy Walker, who haven't been seen since their wedding, have been hired as occult investigators in San Francisco. They arrive in a cab driven by Rufus T. Hackstabber, a Groucho Marx parody who follows them everywhere uninvited, andmakes ridiculous jokes throughout the issue. (He was last seen in the Defenders' last, similarly-absurd San Francisco case.)
They meet the man that hired them, Mr. Van Vliet. He has also asked Beast and Gargoyle to help. He wants the ancient occult object, the Lesser Grey Go, that is rumored to be in the area. Suddenly, A SF cop, Henry Crun, breaks in and wants to search for the Grey God. He was given a tip by Minerva Bannister, who says Van Vliet stole it from her. Immediately after, Cutlass, an absurd Sam-Spade parody the Defenders also last met in the Bay City, breaks in the window, followed by a grenade. It is tossed around from person to person and eventually tossed back out the window.
Cutlass and Crum argue, and Crum races off after the grenade tossers, and Cutlass's partner Typhoon comes in. They are also looking for the statue. They hear a gunshot and find Van Vliet upstairs in a locked room, dead of poisoning and a stabbing, but not a gunshot. They deduce that he killed himself in a complex way. The gunshot actually came from outside, and chase down a helicopter.
Following more leads, they go to Minerva Bannister's house. Cutlass accuses her of hiding the Lesser Grey God. They find it behind a curtain, but also discover that it isn't real. Cutlass now unleashes another comically complicated accusatio, the long and short of which is that practically everyone is guilty of something.
In the end, the villains are caught, the Defenders leave, and Hackstabber is seen with a hood ornament curiously like the Lesser Grey God.