Number 1797: Phantom Lady, In the wrong place at the right time
Sandra Knight, secret identity of the Phantom Lady, finds herself on a subway platform with a maniac called the Subway Killer. How lucky is that? What an amazing coincidence. (Heavy sarcasm.) Unfortunately, such coincidences are part and parcel of comics. The writers had to get to the action in as short a time as possible. Anyway, as happens to males in these types of stories, Sandra’s boyfriend takes the maniac’s cane upside his head. To chase the villain of course Sandra takes off her everyday clothes to expose herself as the exhibitionist Phantom Lady.
We never find out anything about the maniac, except he pushes girls off subway platforms, and dies in a sort of justice administered by our heroine.
It is from Fox’s All Top Comics #12 (1948). The young guys who bought this comic book also got Rulah, Jo-Jo the Congo King, and Blue Beetle, and assorted females in various states of undress.