Like the more successful Strategy & Tactics magazine, Panzerfaust included complete games.
[1] Originally an informal periodical distributed on ditto sheets,[2] by 1972 the magazine was a staple-bound 5.5" x 8.5" pamphlet with a monochrome cover and an average length of about 50 pages.
[3] That year Don Lowry, owner of Guidon Games, acquired the magazine.
Lowry stopped including games in the magazine, preferring to sell them separately under the Panzerfaust Publications imprint.
The magazine published articles by notable industry figures such as Jerry Pournelle, Gary Gygax, Lou Zocchi, Mike Carr, Jack Scruby, and Dave Arneson.