Noooo it's hella funny.
Here are some excerpts or summaries:
The cover has a watcher wearing a dress and posing as Marilyn Monroe over the vent.
What if Thanos changed Galactus into a human being? (specifically he is changed into Elvis Presley; thus people believe he is brought back to life), and even after being saved by Adam Warlock, he still decides to stay as Elvis.
What if Dr. Doom became a pediatrician?
"what if you were spider-man? You'd be dead, you're no super-hero"
"What if you were the red skull? You wouldn't be dead but you wish you were" Both of which say "paste a photo of your face here"
"What if The Punisher was a hall monitor, with guest star The Hulk as the principle"
"What if Galactus fought ant man?" Squish
What if Sue Storm became Visible girl? She'd scare prince namor, that's for sure (said power allows her to show off her muscles and tendons, like peeling away the skin)
What if Marvel Published nursery rhymes; think of Spider-Man interupting Little Miss Muffet
What if the punisher was a stern yet fatherly type? Quotes:
The Punisher to the Blob: Just go to your room! And no supper for you tonight, young man!
The punisher to Electro: Grounded! You're grounded for a month! And no television!
The punisher to Dr. Doom: You're going to stay right there and think about what you've done, until I tell you you can move!
The punisher to Galactus: That's right! You're going to write "I will not eat in habited planets" on that blackboard 500 times."
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What if Storm was an Air Traffic Controlle? (cut to a plane about to crash into said building with storm looking flustered)
What if Ghost Rider fell asleep? Cut to the whole city in flames
What if Frank Castle had died, but his family had lived: Enter the Punisher family, featuring Bullets the wonder pup.
What if Wolverine went through Hibernation? (You're the leader storm, you wake him up)
This comic is 19 years old.