What If? 1977 #34 Direct ed. - back issue - $2.25

This is an all humor issue, often with multiple one-panel bits. All letterer credits added 2005 by Steven Tice. On-sale date from Amazing Heroes #11.

• What If the Watcher Was a Stand-Up Comedian? - Art and letterer credits added 2005 by Steven Tice. Rick Parker's panel confirmed 2005 by Rick Parker. Ron Wilson credit derived from the letters page of What If? #38.
• What If the Hulk Were Yellow? - Stat from a Hulk comic.
• What If the Invisible Girl Dyed Her Hair? - stat possibly taken from a promo piece.
• What If the Watchers in All the Realities Got Together and Watched Watchers Watching Watchers [repeat "Watching Watchers" to infinity] - Elmer Fudd also appears as a watcher here.
• What If the Marvel Production Crew Existed in This Reality? - Caricature credits added 2005 by Steven Tice, with input from Jim Salicrup, Danny Fingeroth, Mike Carlin, and Rick Parker.
• What If the Marvel Editorial Crew Did, Too? - Caricature art credits added 2005 by Steven Tice, with input from Jim Salicrup, Danny Fingeroth, Mike Carlin, Al Milgrom, Ron Zalme, and Rick Parker. Al Milgrom is certain he did not do his own caricature.
• What If Alpha Flight Talked Like T.V. Canadians? - Based on the "Bob and Doug Mackenzie" skits from SCTV.
• What If the Silver Surfer, White Tiger, Night Rider, Iceman, and Moon Knight Fought Wendigo in a Snowstorm? - This is just an empty white panel.
• What If the Black Panther Fought the Shroud in a Coal Mine? - This is a completely filled black panel.
• - Letters from J. R. Arganbright, Bob Mitchell, Will Rose, Frank Titone, Gene Entwender and Mark Weaver.
• What If King Conan Were Bing Conan on the Road to Hyboria - Based on the Bing Crosby / Bob Hope "Road To..." movies.
• What If Aunt May Became a Super Hero? - Aunt May as Iron Man, Ant-Man and Iceman.
• What If the Hulk Married the She-Hulk????? - Page 1 is a parody of the TV show "I Love Lucy". Page 2 is a parody of the "Blondie" newspaper comic strip.
• What If: Obnoxio the Clown Fought Crime? - Obnoxio as Sherlock Holmes, Batman, Spider-Man, Hulk, Wolverine, Daredevil, Superman and the Watcher.
• A Dungeons & Dragons Adventure! [The Black Swamp of Lobella] - Comic strip ad for the Dungeons & Dragons role-playing game from TSR Hobbies, Inc.. Continued between [The Woods of Oakthorn] and [The Avalanche].