Stories
Water Lilly
Ray Stantz returns to Toad Island, a place he visited as a child where he once befriended a mermaid. Finding the mermaid being harassed by a group of bullies throwing empty cans and taunting her, Ray intervenes. A man named Kenneth Grahame also attempts to stop them but is nearly attacked. Ray defuses the situation by confronting the bullies directly.
Peter and the Wolf!
Peter Venkman is on a date with Irena Cortez when she transforms into her werewolf form at a particularly bad moment, leaving Peter to handle the situation.
For Whom the Troll Tolls!
Egon Spengler, Janine Melnitz, and Shannon Phillips attend a circus, where they encounter a troll working for the Stromboli Circus. The troll explains that he was once a minion of Samhain, the Spirit of Halloween, but was exiled from trolldom after betraying him. Egon, noting that the New York State Penal Code does not recognize the existence of trolls, helps the troll escape with Janine and Shannon's assistance. The troll and others like him (referred to as Burrowers or Worms) are said to inhabit a magical realm accessible only from below, distinct from simply living underground.
Off Night
Winston Zeddemore takes an unnamed date to Cinema 7 to see a film called "Nicole," unaware that four gargoyles are scheming to ruin the evening. Slimer, following along unseen, repeatedly foils the gargoyles before Winston notices anything is wrong. At the end of the night, the gargoyles attempt to attack Slimer directly, and Winston captures all four of them.
Cast
The main Ghostbusters team appears across the four stories: Egon Spengler, Peter Venkman, Ray Stantz, Winston Zeddemore, Janine Melnitz, and Slimer.
Supporting and one-issue characters include Shannon Phillips (recurring NOW Comics character), Irena Cortez (a werewolf), Kenneth Grahame, the troll outcast named Frankie, Mr. Stromboli, four gargoyles, mermaids, Cavern Dwellers (also called Burrowers or Worms), and Winston's unnamed date. Samhain is referenced in flashback.
Ray Stantz's father is mentioned but does not appear.
Locations
The issue spans several New York City settings: Manhattan, the Firehouse, Toad Island, the Midway, Stromboli Circus, Winston's favorite restaurant, and Cinema 7. The World of Trolls is mentioned as the troll's place of origin. The Ecto-Zone serves as the framing device for Egon's narration.