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Side stapled, color illustrated, comic book style, wraps. 11 by 8 ¾ inches that unfolds into a large journal style format measuring a little over 17 inches tall by 11 inches wide. 16 pp., including covers. The first issue of this influential New York magazine, founded by Legs McNeil and John Holmstrom. Holmstrom, a cartoonist influenced by underground comics, 'dreamed of being for the punks what Crumb had been for the hippies.' (Berniere and Primois p. 217). This issue features the cover interview with Lou Reed, conducted at a Ramones concert and providing a satirical and humorous look at the genre of rock interviews and the punk scene. With coverage of the Ramones, a piece on Marlon Brando, cartoons and commentary satirizing punk culture and life in general. GOOD condition. Several small areas of brownish staining along the upper and side edges of the exterior, as well as the lower rear cover. Faint dampstain along the spine of the front cover. Moderate sized dampstain to the last five leaves along the fore edge. Second leaf misfolded, perhaps done during the printing process.