Whole issue is here.
The highlight for me of this issue is the authentic Kmart ad parody. Having made friends with the lady in advertising at Kmart, (where I was working my way through college) she let me go through the old graphics so I took enough to do a bunch of fake ads for the magazine. People who are paying attention will notice that I duplicated the ads for Cracked several years later.
Additionally, I did the well-worn bit "Predictions for...", in this case for 1979. I also got to do something that would evolve into one of my favorite bits. I created a Plague version of the President John Sawhill, John Sorehill, and would write bits about him as a grouchy old coot for a couple of issues. I was constantly bouncing back and forth between evergreen bits and pop culture and this was one of my few contributions to actual school-base humor.
Oh, about the cover. Some of us really wanted to have a magazine mascot or logo. The Grim Reaper seemed a logical choice for something called "The Plague." Less logical was Zol Umatra. He first appeared in the second issue and the one after that (3rd). He was a polarizing figure, half the staff hated him, the other half liked him. I was in the latter camp. To me it was a real Alfred E. Neuman-type (altho' more like Sylvester the Janitor from Cracked, since we were able to make real use of him in stories) who could grace our cover and be a character in the issue. And plus, we had pick up a decent artist (Amy Burns) who gave us one of the stronger covers we had in the early years.