This issue explains how Jason Todd was brought back to life after being bludgeoned to death by the Joker. Upon returning from the dead, Jason was very disoriented and unsure of his path, until taken in by Talia and Ra's al Ghul. There, Jason was thrown into a Lazarus Pit, revitalizing him. Talia revealed to Jason that he was never avenged, and Jason decides to go after Batman...as Red Hood.
On page 8, the previously unpublished alternate ending of Batman (1940) #428 is incorporated into the story. That sole page is by Jim Starlin, Jim Aparo, Mike DeCarlo & John Costanza with new colors by Alex Sinclair.