Straight Arrow comic books had the most varied content of all of Straight Arrow's graphic presentations. Magazine Enterprises, which lay behind all of Straight Arrow's graphic imagery, had comic books as its traditional product and was well prepared to provide the Straight Arrow comic book with a wide range of content to arouse readers' interest. The tale, "Claim Jumpers," from Straight Arrow comic, Volume 1, number 9, published in January 1951, typifies the primary type of story content.

Besides Straight Arrow stories presented in traditional comic book style, the comic books contained various other approaches to Straight Arrow and indian life in general. Among other things, the comic books included stories about "Red Hawk," an indian boy or teenager. It may have been thought that the young Red Hawk would be easier for young men to identify with. Red Hawk stories in later issues of the Straight Arrow comic book were signed "Powell." Bob Powell's Red Hawk appeared for a short time in a comic book of its own.

In addition to graphically illustrated stories, the comic books contained short unillustrated tales in "literary" style. "Fangs of the Wild" from Straight Arrow comic number 2 is typical of this category. On might suspect that these stories were the result of a comic book writer's aspirations towards a higher or wider world of literature.

The Straight Arrow comic books sometimes also contained short nonfictional articles about indian life.

Like the Injun-uity cards, the Straight Arrow comic book was clearly the special concern of Fred Meagher. The inside covers of the earlier issues of the comic books have the same content as his Injun-uity cards, but with the individual parts of the illustrations repositioned to fill out the 2:3 proportions of the wider comic book page format. After the first few issues, however, these pages were taken over by advertising. Throughout the lifetime of the comic book the lead or flagship story bore Meagher's signature. In later issues, Meagher's signature also appears on stories deeper within the publication.

Frank Frazetta who later became a celebrated illustrator in the field of science fiction and fantasy made his debut on the covers of Straight Arrow comic books. Straight Arrow comic books with Frazetta covers are especially sought after by collectors.

Perhaps as a result of the varied content, the comic books had the longest life of all forms of Straight Arrow publication, from 1950 to 1956.