| Issue | V5#2 |
| Published | May 1981 |
| Frequency | monthly |
| Cover Price | 2.00 USD |
| Pages | 100 |
| Editing | Leonard Mogel; Julie Simmons (executive) |
| Genre | occult |
| Pencils | Enrich Torres (painting) |
| Inks | Enrich Torres (painting) |
| Colors | Enrich Torres (painting) |
| Letters | Typeset |
| Pencils | Dzintars Mezulis |
| Inks | Dzintars Mezulis |
| Colors | Dzintars Mezulis |
| Letters | typeset |
| Notes | Contents page with illustration spanning to next page. |
| Script | William S. Burroughs |
| Letters | Typeset |
| Notes | Text article with illustrations. |
| Letters | Typeset |
| Notes | Editorial text with illustration. |
| Letters | Typeset |
| Genre | sword and sorcery |
| Script | Robert E. Howard (original story); John Pocsik (adaptation); John Jakes (adaptation) |
| Pencils | Richard Corben |
| Inks | Richard Corben |
| Colors | Richard Corben ? |
| Letters | Richard Corben ? |
| Genre | Horror |
| Script | John Findley |
| Pencils | John Findley |
| Inks | John Findley |
| Letters | John Findley ? |
| Genre | humor |
| Script | Paul Kirchner |
| Pencils | Paul Kirchner |
| Inks | Paul Kirchner |
| Letters | Paul Kirchner |
| Genre | science fiction |
| Script | Enki Bilal (signed) |
| Pencils | Enki Bilal (signed) |
| Inks | Enki Bilal |
| Pencils | Grass Green (signed) |
| Inks | Grass Green |
| Notes | Advertisement for back issues and vinyl binders for Heavy Metal Magazine. |
| Genre | science fiction |
| Script | Howard Chaykin |
| Pencils | Howard Chaykin (painting) |
| Inks | Howard Chaykin (painting) |
| Colors | Howard Chaykin (painting) |
| Script | Brad Balfour |
| Pencils | Dzintars Mezulis |
| Inks | Dzintars Mezulis |
| Colors | Dzintars Mezulis |
| Letters | Typeset |
| Notes | Advertisement for books from Heavy Metal Books. |
| Genre | science fiction |
| Script | Matt Howarth |
| Pencils | Matt Howarth |
| Inks | Matt Howarth |
| Letters | Matt Howarth |
| Script | Matt Howarth |
| Pencils | Matt Howarth |
| Inks | Matt Howarth |
| Genre | science fiction |
| Script | Matt Howarth |
| Pencils | Matt Howarth |
| Inks | Matt Howarth |
| Letters | Matt Howarth |
| Genre | occult |
| Script | Charles Waller |
| Pencils | Charles Waller |
| Inks | Charles Waller |
| Letters | Charles Waller |
| Genre | occult |
| Script | Guido Crepax |
| Pencils | Guido Crepax (signed / dated 1974) |
| Inks | Guido Crepax |
| Notes | Background of pages is bluish grey color. |
| Pencils | Arthur Suydam |
| Inks | Arthur Suydam |
| Colors | Arthur Suydam |
| Letters | Typeset |
| Notes | Advertisement for t-shirts from Heavy Metal. |
| Genre | humor |
| Script | Arthur Suydam; Joe Koch |
| Pencils | Arthur Suydam (signed / dated 1979) |
| Inks | Arthur Suydam |
| Colors | Arthur Suydam |
| Letters | Arthur Suydam |
| Genre | satire |
| Script | Rod Kierkegaard |
| Pencils | Rod Kierkegaard |
| Inks | Rod Kierkegaard |
| Colors | Rod Kierkegaard |
| Letters | Rod Kierkegaard |
| Genre | humor |
| Script | Paul Kirchner |
| Pencils | Paul Kirchner |
| Inks | Paul Kirchner |
| Letters | Paul Kirchner |
| Pencils | Chris Achilleos (painting) |
| Inks | Chris Achilleos (painting) |
| Colors | Chris Achilleos (painting) |
| Letters | Typeset |
| Notes | Advertisement for subscription to Heavy Metal Magazine. |
| Genre | science fiction |
| Pencils | Howard Chaykin (painting / signed) |
| Inks | Howard Chaykin (painting / signed) |
| Colors | Howard Chaykin (painting / signed) |
| Letters | Typeset |
| Notes | Image on back cover. |