This pin is a part of First Appearance Series.    There are two hinges visible on this pin.   The pin is in the shape of a rectangle.  
Peter Parker / Spider-Man and Doctor Octopus / Otto Octavius are both featured on this pin.   On the magazine cover, we see Spider-Man and Dr. Octopus fighting. When you open the hinge, you'll see Dr. Octopus slapping Spider-Man. Written on the speech bubble is You dared to mock me before! Why aren't you mocking me now? Where are your brave words and taunt now, Spider-Man?  

On the cover of the magazine,  "the Amazing SPIDER-MAN America's most exciting super-hero captured by the world's most dreaded super-villain You are helpless spier-man! I warned you that the power of doctor Octopus is far greater than yours! A book-length super-thriller! Spider-Man faces his most powerful foe Dr. Octopus! " is written. The text is multicolor with a background colour of multicolor.