Let There Be...Chaos! For disobeying his orders, Odin struck down Loki, Sif, and Balder with a bolt of energy that robbed them of their godly powers, just as Odin had previously done to Thor. With all possible advantages against Thor removed, Loki flees the scene, hoping to find another way to best his half-brother.
Meanwhile, elsewhere in the city, the notorious criminal known as the Wrecker has once more robbed another home of a rich couple. The robbery is called into by the police, who organize a dragnet to try and capture the crook. Under pressure to not get caught, the Wrecker is forced to drop his loot to escape arrest and begins looking for a new victim.
While in the office of Dr. Donald Blake, Thor, Balder, and Sif order a meal and lament the loss of their godly powers. Elsewhere still, Loki has rented out a room where he attempts a spell to contact Karnilla the Norn Queen to cast a spell to regain his powers. Loki is unaware he is being watched by the Wrecker, who has targeted Loki as his next robbery victim. At the critical point of the spell, the Wrecker breaks in and knocks Loki out with his crowbar.
The Wrecker is slightly disappointed by finding only a special container and Loki's helmet. He puts on Loki's helmet nonetheless, and when Karnilla finally appears, she mistakes the Wrecker for Loki and grants the petty crook the power that Loki intended to regain. When Loki revives, he demands that the Wrecker give him power. The Wrecker instead gives Loki back his helmet, relinquishes his crowbar, and even though he doesn't know how to use his powers, manages to use them to teleport Loki back to Asgard. Impressed by his new superpowers, the Wrecker decides to use them to resume his criminal career.
Back in the office of Donald Blake, Thor decides to pass the time by entertaining Sif and Balder with a television set. The program they are watching is interrupted by a news bulletin where they hear reports that the now super-powered Wrecker has begun a rampage through the city. The three Asgardians resolve to try and stop the Wrecker, even without all their powers at their command.
The Wrecker continues his rampage, using his magical strength to enhance the power of his crowbar and wreck full buildings. When Thor, Balder, and Sif confront the Wrecker, the crook uses his powers to banish Balder and Sif back to Asgard, wanting only to best Thor in combat and no interference from anyone who might help the Thunder God.
As the fight between Thor and the Wrecker rages, it is clear that Thor is no match for the added might that the Wrecker has at his disposal. Arriving on Asgard, Sif and Balder rush to Odin to beg him to restore Thor's full power. Still furious at Thor for past disobedience, Odin refuses to aid his son, feeling that he has not yet met his penance.