A man threatens to bomb buildings if he doesn't get money. Batman realizes that the events are similar to a long-lost show he used to watch called: The Gray Ghost. Batman tracks down the Gray Ghost to the out of work and down on his luck actor, Simon Trent to help find the Mad Bomber. At first Simon refuses to help Batman, but eventually he joins him as Gray Ghost. They track down the Mad Bomber and defeat him. After their victory over the Mad Bomber, The Gray Ghost series gets released on video making Simon Trent famous once more.
Trivia
Adam West and Bruce Timm make guest appearances in this episode. Adam West voices Simon Trent the Gray Ghost, and Bruce Timm voices Ted Dymer the Mad Bomber.