- The special opens with a Hitchcock-style introduction. A man in glasses telling the audience to expect chills and thrills etc. It starts out with a bounty hunter hunting Jack Russell. They fight, and Jack kills the bounty hunter, stealing his identification. There's a short exposition dump, explaining the bloodstone legacy.

- Jack infiltrates the Bloodstone manor, where he meets Elsa, who is brooding about returning to the manor due to her father's death. Harriet Samson Harris' character (source says she was Elsa's step mother/mother) berates her for not taking her father's legacy seriously.

- In the manor, there are about four other elite bounty hunters who hunt monsters in secret. Harris' character rolls out one of those talking genie machines you find at a carnival. It plays a recording of the dead Bloodstone's final will. He wants the group to hunt a creature who has been enraged by the Bloodstone. They are told to enter a maze and can use any weapon they want (battle royale style).

- Elsa gets pulled into the maze with everyone else. She meets with Jack and sees through his disguise, they're both attacked by a big brooding bounty hunter. Elsa shows off her moves. At some point, Jack meets with Man-Thing and we see that they have a connection with one another. Elsa and Jack stick together, as a few bounty hunters get picked off by Man-Thing.

- Jack and Elsa get locked in a crypt, and Jack delivers a speech about getting out of family legacy or something, Elsa breaks open one of her dead relatives graves and finds a hookshot that helps them escape the crypt.

- It's at this point that Jack tries to blow away a wall to help Man-Thing escape (they're given some type of explosive at some point). It's revealed that the bloodstone is attached to Man-Thing and it's causing him pain.

- Jack is captured along with Elsa and Man-Thing before they can get the stone. The real hunt wasn't for Man-Thing, it was for Jack.

- Next, they're back in the manor and Elsa and Jack are in a cage. Harris' character uses the bloodstone to force Jack to transform into the werewolf. Before he changes, he sniffs Elsa in hopes that he'll remember her when he transforms.

- He transforms and they can't control him, he destroys all of the guards and attacks Elsa, stopping before killing her because he recognizes her scent. Elsa kills the remaining body guards, and as Harris prepares to use the bloodstone to kill Elsa, Man-Thing appears and yeets her into the genie machine from earlier and she burst into flames in a pretty hilariously gruesome death.

- Elsa points Man-Thing in the direction that the Werewolf ran off in, and she sits down, essentially reclaiming the bloodstone and her legacy. At this point the black and white changes to color

- The final stinger is a stupid joke where Jack wakes up to find that Man-Thing found him and took care of him. They agree to go for sushi after.

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Quick notes:

- Jack refers to Man-Thing as Theo.

- There aren't references to other MCU shows or movies.

- Harris' character was said to be the standout, and her performance was super campy in the best way.

- Werewolf by Night was pratical and reminded of a monkey suit from Planet of the Apes.