Billy was a backstage or studio announcer back in the day when WWF shows were syndicated...when WWF Cavalcade, WWF Superstars of Wrestling, and other shows could be seen on Saturday and Sunday afternoons. I have great memories of watching him during weekend WWF shows. He was funny as heck, and made even local house shows seem exciting.
RIP, Billy Red.
(edited by Oliver on 23.6.09 1459) Go Bluebombers!
Um, I'm pretty sure what you saw was the VHS and not a DVD. Back then, the WWF was only releasing the Big 5 PPVs (Rumble, WM, KOTR, SummerSlam and Series) on DVD. I have every WWF/WWE event DVD they've put out, and there's no No Way Out 2000 DVD.