You arrive in the village of Cam, a small, backwater mudhole sandwiched between three swamps and a long dead forest. It isn't your first choice, but you are confident that, if nothing else, people won't give you a second glance as you walk through the gates covered in horseshit and what you hope is someone else's blood.
However, you are more right than you think. No one is looking at you at all. In fact, you don't see a soul in the town.
As you wander through the streets, you see the signs of life, but not a person in sight. Then, you hear it--a clamor--coming from the the edge of the westernmost swamp. Rounding the corner of a house of ill repute, you finally catch a glimpse of the townsfolk.
Walking towards them, you pick up on bits of the conversation. A woman, found dead and half-eaten, lies at the edge of the swamp. Any other time, this wouldn't mean anything to you, but this time it's different. Shes beautiful, or what's left of her is. Clad in a beautiful blue gown, a crown--though now crumpled--lays near her porcelain face. She is striking, and it is obvious immediately that she isn't from this town.
Over the murmur of the crowd, a voice can be heard.
"As the new king of this sad lot, I see that it falls to me to be the hand of the law. Citizens of Cam, your king requests the aid of those of stout body and sharp wit to assist the kingdom in finding out who is responsible for the death of this poor young woman. I promise 50 gold pieces for any information of value, and a full 500 gold for the capture of the nefarious soul responsible."
500 gold will go a long way to making sure you never have to eat trail rations again, and really, how hard could it be to track down a killer out here in the middle of nowhere?
Your first mistake was using a swinging weapon in an environment where only thrusting weapons have any chance, your second was having such a poor grip that despite being able to breathe underwater and being a higher lifeform than man this dipshit was able to take the sword from you...
Which goes back to problem one, as you had no way to swing the sword with enough force to do anything to the fish
From the angle it looked like the plan was to let the force of the onrushing fish impale itself, rather than time a slash to coincide with its onslaught. As for choice of tools, perhaps it's the only sharp one available to her. As for grip, I don't know what is standard for mermaids or whatever she is. She may have just found that sword 5 minutes ago from a shipwreck, and had no time to practice.
Remember, the theme of the comic is that she's not some super-special "lady of the lake", and instead is more just a girl with a weapon in her hand, or at least she did for a brief moment! So her not being prepared seems to go hand in hand (so to speak) with that.
None of those details are likely to make it into King Arthur's (fishy) tales that he will tell all his friends about "how I became king, once upon a time...", especially as the tail (ah... see what I did there!?:-) grows with each retelling.
Great style! Nowadays it seems that all comics are either stick figure/Marvel/anime style.
I wish current comic illustrators would try to develop a style, and check out comics from non manga/Marvel origins. The Belgian Marcinelle school, or the ligne Claire schools are two great examples.
European comics provide an amazing range of styles, the study of which could be of great value to current illustrators.
I think the joke is this isn't the Lady of the Lake. The guy just saw a sword poking out of the water and thought it was Excalibur, but it isn't. So that's not its scabbard either.
Excalibur wasn't magic, the scabbard was magic. It prevented the wearer from dying of injuries or something like that, and since this is a clear Excalibur reference (the Sword in the Stone wasn't Excalibur btw) it means the Lady in the Lake still has the scabbard so she's just beaten up a bit.
In Le Morte d'Arthur we learn that the scabbard is actually more valuable than Excalibur itself because any wounds received by the bearer wold never bleed. In the final panel of the comic there is a large pool of blood forming, presumably by the lady of the lake's death (or maybe her hand being bitten off). There shouldn't be blood.
Interesting addition is that, in Latin, the name for scabbard is the same as the female reproductive organ. So it could be taken to mean a vagina that makes one immune to bleeding.