The Ferret is attacked by a gang of ninjas while he is in a Chinese restaurant in Washington, DC. One of the ninjas throws a bomb in the restaurant to take out the Ferret with no regard to his comrades. While the Ferret recovers from the concussive grenade blast, he thinks back at what brought him to that fight. His childhood friend and former bandmate works at the restaurant and tells the Ferret that a criminal gang called the Purple Dragons are demanding more money in a protection racket. Since his friend refused to pay, the gang has been giving him threatening phone calls. Ferret's friend says he'll handle it, though. When the Ferret leaves, he hears a van squeal in front of the restaurant and the Purple Dragons kill his friend. The Ferret recovers from the grenade and rises to find the Iron Skull standing before him. They fight, with the Ferret realizing that the Iron Skull was once the hero of the same name and is now a cyborg...
