Halloween Havoc (1991)

After Dangerously was "fired" as an announcer for World Championship Wrestling, the precursors to resurrecting his stable came at the Halloween Havoc pay-per-view in Chattanooga, Tennessee. Prior to the show, announcer Eric Bischoff was working as a valet in the parking lot. When Dustin Rhodes and Barry Windham pulled up and got out of their car, the reigning World Tag Team Champions Arn Anderson and Larry Zbyszko ran up to Bischoff and Windham and slammed the car door on Windham's hand, breaking it. It was from this incident that Zbyszko gained his nickname from around this time, "The Cruncher".

Later at the same show, the mysterious WCW Halloween Phantom appeared, and squashed Tom Zenk in a match using a reverse neckbreaker. Then, in an interview segment with Bischoff, Dangerously brought out the Phantom and had him unmask to reveal the returning "Ravishing" Rick Rude. Dangerously stated that even though he had been fired as a commentator, he still had his manager's license, and would use Rude to exact his revenge on the company that fired him.

Clash of the Champions XVII

The storyline was furthered at Clash of the Champions XVII on November 19, 1991 in Savannah, Georgia. At the beginning of the Clash, which was televised live on TBS, WCW United States Heavyweight Champion (and perennial face) Sting was in the ring doing an interview. Madusa came out dressed as a harem girl and distracted Sting so WCW World Heavyweight Champion Lex Luger could attack him from behind by clipping his knee, the same one Sting injured in February 1990. Luger then bashed the knee against the runway repeatedly to make it seem like Sting had suffered severe damage. Several face wrestlers, including Bobby Eaton, ran out to run the heel Luger off and take Sting to the hospital. Sting, however, had to defend his title against Rude that night and did not want to leave. Eaton kept telling him he would have time, so he left. Bischoff rode in the ambulance with Sting and gave live updates on the condition of Sting from the hospital between matches to announcers Jim Ross and Tony Schiavone. Meanwhile, Dangerously had found a loophole in the match contract that specifically stated that if Sting was not able to defend his title, he would have to forfeit it to Rude. The announcers relayed the message to Bischoff, who in turn passed it along to Sting. Commotion could be heard in the background as Sting tried to leave the hospital and return to defend his title. It turned out that Eaton had been conspiring with Dangerously and Rude to ensure Sting did not make it out in time for his title defense.

When it came time for the match, Sting was a no-show and Dangerously declared Rude the United States Heavyweight Champion (which had been their plan all along). The telecast featured a split screen of the ambulance arriving at the back area of the arena with Sting's knee wrapped up. Dangerously demanded referee Nick Patrick start the match and count Sting out, but he kept interrupting the count which allowed Sting enough time to make it out to the ring. After having trouble finding the right door to enter the building, his fight song started playing and Sting limped out. Rude met him at the runway with punches but Sting was so pumped he took it to him instead and the match was underway. Rude defeated Sting, mainly due to his injured knee, with a small package pin. On the following episode of World Championship Wrestling (this was before Monday Nitro), Dangerously announced the formation of the Dangerous Alliance, which included Rude, Eaton, Anderson, Zbyszko, Madusa, and ”Stunning” Steve Austin.

Notable feuds

The Dangerous Alliance went on to dominate WCW for the next six months, as Anderson and Eaton won the WCW World Tag Team Championship and Austin held the WCW World Television Championship for a time. Their main feuds were with Sting, Ricky Steamboat, Barry Windham, Dustin Rhodes, and Nikita Koloff. The Alliance and its rivals went back and forth until they settled their issues in a gruesome "WarGames" match at WrestleWar (1992). During the match, Rude removed the turnbuckle from the post; Zbyszko tried to hit Sting with the metal hook, but ended up hitting his stablemate Eaton instead, allowing Sting to apply an armbar to Eaton and garner a submission victory for his team. After the match, Zbyszko was expelled from the Alliance, which began the group's downfall.

WCW downfall

Rude and Madusa went their own separate way and had much success. Anderson and Eaton started running with Michael Hayes, but they came back to Dangerously when he fired Madusa publicly at Halloween Havoc in October and she came after him, Austin went on forming a tag team with Flyin Brian. By the end of November 1992 after the Clash of the Champions XXI, the Dangerous Alliance had disbanded after Dangerously left after a bitter contract dispute.

Arn Anderson, in an interview video with RF Video, referred to the Dangerous Alliance as one of the greatest gatherings of talent ever. However, Anderson opined that it never became a memorable group because of WCW's incompetent bookers (i.e. Jim Herd, Kip Allen Frey, and Bill Watts) failing to promote stars.

The New Dangerous Alliance

• Billy Wiles
• CW Anderson
• Erik Watts
• Elektra – Valet
• Lou E. Dangerously – Manager
• Johnny Swinger
• Simon Diamond