I'm sure a lot of us already know most of these, but I wanted to document the wrestlers and managers from the game, and what wrestler/pop culture reference they represent. For each entry below, I have listed the card fromt he game and the tribute or parody it represents. If a card only has a name listed as the tribute, it is someone within the wrestling industry. Those with a longer explanation are other concepts like TV, video games, fims, etc. If there are more than one version of a card, like Jet Set Strutter, I have only listed it once. If a card's second or third version vary significantly in my opinion, I listed it multiple times. If an entry is blank, I did not know the reference, or it is not readily apparent, or I have not seen that card. Please feel free to reply with suggestions, and I will update this list when necessary.
WRESTLERS
2-Zap: Rapper 2 Pac
Ace Arcadium: 80's arcade culture
Ace of Spades: AA's alter ego
Ace of Spades (90's): Stone Cold Steve Austin
Arizona Chance: Indiana Jones
Avery: Some sort of 90's boy band musician
Beastheart: Braveheart film
Beer Can Man: Sandman
Big Thuggee: Tiger Jeet Singh
Blizzard: Glacier (who was modeled after Mortal Kombat character Sub Zero)
Blockbuster Brohan: "Hollywood" Hulk Hogan
Bobby Blitzworth: College, NFL football player Brian Bosworth
Boombox: Rapper Heavy D
Brimstone: Mortal Kombat character Scorpion
Brit Buckingham: By the name, it's pro wrestler Davey Boy Smith. But Buckingham doesn't physically look like the British Bulldog.
Brute:
Bug Buster: Main characters from Ghostbusters film
Buzzsaw: Ultimate Warrior
Cabb:
Cesar Sleeze: 80's hair metal in general; Dee Snider from Twisted Sister specifically
Chameleon Kid: Possibly pro wrestler Koko B Ware, but no real resemblance
Chet Skye: Shawn Michaels (early career)
Chicano: Razor Ramon/Scott Hall
Chopper:
Cletus Mullet:
Cobalt/Copper Commander: Cobra Commander from GI Joe toys/cartoons
Crash: From 80's crash test dummy commercials
Crash Ratchethands: Parody of Edward Scissorhands film
Curt Grunge: Musician Kurt Cobain from Nirvana
Cutthroat: Oakland Raiders football team/parody of tag team Demolition?
Cutthtroat Carter: Oakland Raiders football team
Dangerzone: Top Gun film in general; Iceman character played by Val Kilmer specifically
Dark Invader: Darth Vader from Star Wars
Dark Mauler: Darth Maul from Star Wars
Death Star Boy: Starboy's alter ego
Dirk Dungeon: Bruce Campbell from Army Of Darkness film
Dizzy Lixx: 80's hair metal in general; someone specific - I don't know
Dr. B: Mr. T
Dragonfly: Rob Van Dam
Drool: The deformed guy from the Goonies film
Dude Brohan: Hulk Hogan
Dungeon Crawler:
Eddy Grunge: Musician Eddy Vedder from Pearl Jam
Enormous Pierre/Pierre the Enormous: Andre the Giant
Exotic Rick: Mostly Ravishing Rick Rude; a little "The Model" Rick Martel
Ezekiel: Jules Winnfield from Pulp Fiction film
Fireball: Bam Bam Bigelow
Freedom Fighter: Hammerhead's alter ego
GoblinKnight:
Great Ginzu: The Great Muta/also looks like Shredder from Teenage Mutant Ninja Turtles comics and cartoons/Ginsu knife company (originated the phrase "But wait - there's more!" in their infomercials from the 80's)
Great Ginzu (90's): Great Muta without mask
Haka Tonga: Superfly Jimmy Snuka
Hammerhead: Ivan Drago from Rocky IV film
He-Beast the Barbarian: He-Man from Masters Of The Universe toys & cartoons/Conan The Barbarian (Arnold Schwarzenegger version)/The Highlander; to me, his face looks like Lex Luger
Herman Nerd:
Herman the Nerd:
HFK: Shawn Michaels (later career)
Jacko Pop: Musician Michael Jackson
Jesse Wild: Marty Janetty
Jet Set Strutter: Ric Flair
Jobber Joe: Glass Joe from Punch-Out video games
Johnny Kobra: Johnny Lawrence from Karate Kid film
Juan Tijuana: Tito Santana
Jupiter: Zeus from No Holds Barred film
Kannibal Keith: 90's version of Keith Blood/Hannibal Lecter from Silence of the Lambs film
Killer Klown: Doink The Clown (though does not look like him; possibly Stephen King's It?)
Keith Blood: Keifer Sutherland as David from The Lost Boys film
King V: Macho King Randy Savage
Lazer: Sting
Lil Thuggee:
Mad Arab: Abdullah The Butcher
Magnifico: Rey Mysterio Jr
Magnus Muscle: Kinnikuman from Kinnikuman manga
Magnus Muscle (90's): Although the card still says he's from Japan, the description (gold medal, suplexes, submissions) and outfit colors suggest early career Kurt Angle
Mandonna: A Madonna cross-dresser
Massacre:
Max Attack!: 90's version of
MC Frosty: Repper Vanilla Ice
Mercenary: Brett "The Hitman" Hart
Michael T Wolf: Michael J Fox's character from Teen Wolf film
Mighty Leo: 80's cartoon ThunderCats
Moon Man: 80's space program
Mr. Fantasy: Vince McMahon
Mr. Tycoon: "Million Dollar Man" Ted Dibiase (though the face/hair doesn't look like DiBiase at all)
Ninja Shadow: Stormshadow character from GI Joe toys/cartoons
Ninja Star: Main character from Ninja Gaiden arcade game
Notorius BB: 90's version of Boombox/rapper Notorious BIG
Officer Chip: ChiPs TV show
O'Hooligan: "Rowdy" Roddy Piper
Papa Chopper:
Pat Cabbage: Cabbage Patch Kids toys
Pelvis Las Vegas/Pelvis Presley: Elvis Presley impersonator
Pop King: 90's musician Michael Jackson
Power Boy: 90's version of Star Boy
Power Racer: 90's version of Rad Racer
Rad Racer: BMX biker
Red Pirate Rogers: Dread Pirate Roberts from The Princess Bride film
Reptile Ranger: Jake "The Snake" Roberts/Mick Dundee from Crocodile Dundee films
RoboLectro: Main character from Tron film
RoboLectro 2000:
Robolectro 3000: T-1000 from Terminator 2 film
Romeo: Some sort of 90's boy band musician
Samson: Goldberg
Skeleskreem: Character from Scream film
Skullgore: Skeletor from Masters Of The Universe toys & cartoons
Slammer Johnson: Pro baseball player Reggie Jackson (he's wearing Oakland A's colors)
Slashmaster: Jason Vorhees from Friday The 13th films
Slugger Johnson: Pro baseball player Reggie Jackson, though he never played for the Dodgers (outfit colors) or in the National League
Soul Daddy:
Spazz: Visually, looks similar to pro wrestler Jim "The Anvil" Neidhart (size/shape/beard)
Star Boy: Starman from Pro Wrestling video game
Sumo San: Yokozuna
Suicide: Sabu
Tennis Pro: Pro tennis player John McEnroe
Undermaster: The Undertaker
The Annihilator: Arnold Schwarzenegger as terminator T-800 in The Terminator film
The Annihilator (90's): Arnold Schwarzenegger as terminator T-800 in The Terminator 2 film
The Hunk: The Rock
The Piranha: The Amazon from Pro Wrestling video game
The Shark: The Piranha's alter ego
Troglo:
Valedictorian: Pro wrestler "Macho Man" Randy Savage
Vegas: Vincent Vega from Pulp Fiction Film
Vladimir the Cruel: Vigo The Carpathian from Ghostbusters film
VTC: Pro wrestler Triple H
Waldo the Dweeb:
Warhawk: Sylvester Stallone as John Rambo from Rambo films
Yuppie VP: Charlie Sheen as Bud Fox from Wall Street film
Zap: 80's B-boy
Zeke Mullet:
Zombie Punk:
Zombie Skater:
MANAGERS
Big Boss Jr.: Boss Hogg from Dukes Of Hazzard TV show
Gothica: Elvira character from TV/films
Hacker: Morpheus from The Matrix films
Mort Ishin: Paul Bearer
Mr. Bonsai (bad): Mr. Fuji
Mr. Bonsai (good): Mr. Miyagi from Karate Kid films
Mr. Tycoon: Ted DiBiase
Princess Starbright: 80's cartoon character Rainbow Bright
Professor Gigawatt: Dr. Emmitt Brown from Back To The Future films
Queen Of Mean: "Sensational" Sherri Martel
The Gargoyle:
The Thinker: Bobby "The Brain" Heenan
Valkyrie: Chyna
Valley Girl: "Valley girl" 80's stereotype