Yes the show title pretty much speaks for itself. Apparently The King has found a couple new ring rats to "star" in his new reality show complete with a mentally handicapped butler and exciting updates of his upcoming appearances at local McDonald's.
Geez, then I'd better hop into my time machine to 1998 and cancel my subscription to the Torch. But then wait, I never had a Torch subscription! Oh no, a time anomaly! Worlds are colliding! Damn you, Parallax! Argh!