Hogan continued, reminding everybody of the "big organization up north" where Hall and Nash had come from and that he too had been there and how he had made that company a household name. Hogan followed by bringing up his signing with WCW in 1994. He then declared that Hall and Nash were the kind of people he really wanted as his friends and that together, the three of them were going to take over WCW and destroy everything in their path. At this point, Okerlund directed Hogan to look at the debris strewn around the ring and told him that he could expect more of this if he chose to associate with Hall and Nash (subtly suggesting that Hogan should reconsider one more time). Hogan disregarded Okerlund and went into a tirade against the fans while taking another shot at Bischoff and some of the newer talent the fans were cheering. Hogan then grabbed Okerlund by the collar moments later but quickly let him go after Okerlund threatened to sue him if he didn't. The show closed with the three wrestlers continuing to taunt the fans, who booed and pelted them with garbage. Wrapping up the event on pay-per-view, a still-stunned Tony Schiavone said: "Hulk Hogan, you can go to hell... Straight to hell". The night after Bash at the Beach, Hall and Nash appeared on Nitro without Hogan, attempting to attack Sting, Arn Anderson and Randy Savage, but were held back by WCW security. Hogan returned the next week on "Nitro" and assisted Hall and Nash in beating up Lex Luger and Big Bubba Rogers during "Nitro"'s main event. He then made a challenge to then reigning WCW World Heavyweight Champion The Giant for Hog Wild in August. At Hog Wild, the newly rechristened Hollywood Hulk Hogan (often shortened to Hollywood Hogan) won the match after knocking The Giant out with his title belt. After the match, Hogan rechristened the Big Gold Belt as the nWo World Heavyweight Championship by spray-painting the group acronym in capital letters across the faceplate. Nearly two weeks after Hog Wild, Ted DiBiase made his WCW debut and declared himself the financier and spokesperson of the nWo (thus becoming the fourth man), and was given the nickname "Trillionaire Ted". On the September 2 episode of "Nitro", the nWo got its first defection and fifth member from WCW as The Giant, who just weeks earlier lost his title to Hogan, turned on his Dungeon of Doom teammates and attacked The Four Horsemen and Randy Savage.