I had completely forgotten about this untill I got bored the other day and started watching WCW from the year 2000 (very entertaining at times). This was another "marketability" angle by WCW higher ups and I will say I didnt hate it back when I was 12 or even today. The crowd sounded really into this storyline. I think the guy in white who rips off his shirt was Mr. Universe for awhile and the guy in flannel is a part of Bob Sapp's MMA team. I also love the fact that Cena ripped off the "Come get some" line from Rick Stiener.
Also side note, who would have thought "T Money" would go on to have 3 successful TV sitcoms and do tons of movies?