Peter has taken on a job teaching high school science at a really troubled school. No one will teach there. They’re too afraid. That’s how he was able to get a job without a teaching degree. As luck would have it, the gym teacher there is none other than Flash Thompson. Their rivalry begins anew.
All the hype and buzz about Spider-Man 5 should revolve around the new villain, Hobgoblin, and how he is connected to the Osborn legacy. There should also be a note on IMDB or something where he teams up with Shocker. But when you’re watching the movie, there’s this intricate plot involving people you don’t know. Later, when Spidey tracks the Hobgoblin down, he is in league with Shocker, Stunner, Vulture, Hydro-Man, and the Jackal. During the fight with the new Sinister Six, Spidey starts to realize that his spider-sense isn’t going off. In fact, nothing seems to be really happening in the fight.
It’s then that Spidey realizes all these people are illusions. He leaves and tries to find what’s really happening. This was all to distract him from Mysterio’s (“Miss Cheerio?”) ultimate plan, which involved all the subplot stuff in the beginning that seemed unnecessary at the time.