Its namesake hero was created by writer-artist Joe Simon for Funnies Inc., one of the earliest comic-book "packagers" that produced outsourced comics on demand for publishers entering the fledgling medium.

By the second issue, Simon had enlisted Jack Kirby as the series co-writer/artist, starting the first pairing of the future comic book legends who shortly thereafter created Captain America and other characters.

Spook, Old Cap Hawkin's Tales, White Rider and Super Horse, Edison Bell, Runaway Ronson, Phantom Sub, Krisko and Jasper, Fearless Fellers, and Rick Richards.

In 1949, Novelty Press sold its assets, including Blue Bolt, to series cover artist L. B. Cole due to the growing criticism over violence in comic books.

Using his powers and a lightning gun given to him by Bertoff, Parrish takes up the name the Blue Bolt and battles the underground forces of his arch-enemy, the evil Green Sorceress.