Yes, you're reading that correctly. "Lady Stilt-Man" is a villain that appears in The Amazing Superman. The female version of the already rubbish Stilt-Man, Lady Stilt-Man is shown to be far less skilled than her male predecessors. At one point, Spider-man himself claims that Lady Stilt-Man is "trying too hard," as she is obviously an amateur in comparison to his usual adversaries. She's also defeated in one of the most humiliating ways in comic book history, after Deadpool removes a man-hole cover and she falls in. After falling in, she just sits, and sobs, and cries. Not exactly supervillain material.
