Taped January 6, 1982
Original Airdate: January 9, 1982
Opening comments by Bob Caudle and David Crockett
--> NWA representative Sandy Scott introduces Terry Taylor
--> Sgt. Slaughter withdraws offer for $1000 challenge, Scott explains that Mulligan Jr and his lawyers have put an injunction in forcing one more try for Mulligan at the cobra clutch challenge.
 Blackjack Mulligan Jr. and Jake “The Snake” Roberts defeat Doug Vines and Mike Miller after a Blackjack Jr. bulldog on Doug Vines.
 European Champion Billy Robinson (with Lord Al Hayes) defeats Keith Larson with a backbreaker
--> Commentary by Lord Hayes
 “Handsome” Jimmy Valiant defeats Jeff Sword
--> Commentary by NWA TV champ Ivan Koloff
Halftime interviews: Ray Stevens says he will give the tag belt back to NWA official Sandy Scott on the condition that the Andersons defend the tag title immediately; Blackjack Mulligan Jr and Jake Roberts
 Terry Taylor defeats Bill White with a rolling reverse cradle out of an abdominal stretch.
--> Commentary by Roddy Piper, who announces that he will not be wrestling on television anymore and will only do commentary
Interview – Mid-Atlantic Tag Team champs Ox Baker and Carl Fergie
 Ole Anderson (WTT) and Ivan Koloff (TV) (with Gene Anderson) defeat Buddy Landel and Tony Anthony
--> Commentary by Roddy Piper
Closing Interviews – Big John Studd; Sgt. Slaughter; Ole and Gene Anderson glad to have both tag belts; Ole says he didn’t do it voluntarily; he did it because he was scared. Ole says he will pick a partner and defend the titles, that Gene will be an advisor only.