In the wake of 40's-50's sentiments,[2] Fantastic Comics likely saw a crackdown by the public, the government, and the industry, as its story content can be speculated to have violated various elements of the Comics Code Authority's 1954 code,[3] and with these reactions, and the decline in sales they presented, the book likely ceased publication after its January/February 1955 issue.

In particular, stories such as "Gravestone for Gratis" from Fantastic Comics #11,[10] for example, which featured a character known as the "Banbury Ghoul", who is an undead ghoulish figure that feasted on corpses, violated the Comics Code Authority's 1954 code of "Scenes dealing with, or instruments associated with walking dead, torture, vampires, ghouls, cannibalism, and werewolfism are prohibited.

",[11] while other stories, such as "If a Body Kill a Body" from Fantastic Fears #9,[12] violated the Comics Code Authority's code of "Sex perversion or any inference to same is forbidden",[13] via its display of subtle or inferred sexual intimacy between its characters on its title page.

This content, among other undesirable content, as cited by Frederic Wertham, landed many horror and crime based comic publishers in heavy controversy at the time, and lead to swift repercussions from both the government and the public, strangling sales and forcing publishers to cancel crime and horror type books, based on both reputation and local government mandates, as was the case in Oklahoma City, and Houston, which each placed bans on crime and horror comic books.

Following its discontinuation in 1955, a number of stories from Fantastic Comics and its predecessor series Fantastic Fears, were reprinted over the years by other publishers such as Eerie Publications' in their series, Terror Tales, and IDW in their title, "Ghosts: Classic Monsters of Pre-Code Horror Comics".