The team members Iron Munro, Flying Fox, and Fury were created for the series and intended to be analogs of the Golden Age versions of Superman, Batman, and Wonder Woman respectively.

The series premise was that during World War II, President Franklin D. Roosevelt created Article X, a "superhero draft" that asked all active masked crime-fighters and superhuman adventurers to join forces as a special war-time group, the All-Star Squadron.

Golden Age heroes such as Superman, Wonder Woman, Batman, Robin, and Green Arrow all of whom had the same secret identities, same basic origin stories, and largely similar supporting casts as their modern day counterparts.

This also meant the canon of several recent All-Star Squadron stories was now questionable, since the Golden Age versions of those same heroes made multiple appearances in the series.

To clear the slate after Crisis on Infinite Earths and re-launch the franchise, All Star Squadron was canceled with issue #67 and replaced with a successor series, Young All-Stars.

The villains included: Übermensch, Gundra the Valkyrie, Der Grosshorn Eule (Horned Owl) and his son/sidekick Fledermaus, the archer Usil, and the amphibious wolfman called Sea Wolf.

Iron Munro, Fury (Helena Kosmatos), Flying Fox, and Dan help fend off an Axis America attack on Squadron headquarters.