Its because TNA used to sign every recently released WWE talent and having to rename them due to copyright issues. They brought in guys like Trevor Murdoch and Elijah Burke and named them Jethro Holiday and D'Angelo Dinero etc.
But the actually meme is due to Mike Tenay's style of reaction to these debuts. Whenever a former WWE talent debut, Tenay would go "OMG Taz...." faking shock and surprise. Its rather similar to J.R's "Bah gawd, King....." which is also a IWC meme but not necessarily meant to be funny.
Taz: Whoah whoah wait a minute, Mike
Tenay: Is that..is that who I think it is, Taz?!
Taz: That's...that's...
Tenay: Could it be??!
Taz: IT IS!
Tenay: THAT'S PB HARDROCK!!
For those who don't get the joke, its an incredibly hilarious meme where you pretend a wrestler moved from WWE to TNA and they gave them a ridiculous name that rhymes with or sounds incredibly like their WWE name.
I think my favourite part about it is how it's literally never happened before.
Derrick Bateman - Ethan Carter the Third.
Elijah Burke - D'angelo Diniero.
Trevor Murdoch - Jethro Holiday.
In fact, a resounding amount of the Wrestlers that jump ship end up having either the same name as they had previously (Sting, Mick Foley, Rhyno etc.) or a different version of the name (Christian Cage for example).
It's one of those memes that allows fanboys to ignore the problems with their product and mock the 'competition'. Which is funny considering the meme is a joke entirely based off of TNA's shoddy commentary (which is fucking awful, I will admit) whilst WWE's is far worse and has been for a little while now (Its.. It's Christan..)
Now, this is the part where I get red repped by a bunch of people who've literally never seen the show before, but insist on insulting it in order to look cool in front of a bunch of folks on dem internetz.
I will not be coming up with any names along these lines, because frankly this is a stupid meme. It makes no sense and has pretty much zero correlation to anything atall
"duhuhuhuh he changed his wrasslin' name cos da WWE'z owns the rights to his old one and won't let him wrassle with it, how funny."
For those who don't get the joke, its an incredibly hilarious meme where you pretend a wrestler moved from WWE to TNA and they gave them a ridiculous name that rhymes with or sounds incredibly like their WWE name.
Dude. Don't ever....ever directly reference the joke while joking is in progress.
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