Wrestle as Debra
At the character selection screen, highlight Terri and press C-Left or C-Right.

Wrestle as Fabulous Moolah
At the character selection screen, highlight Mae Young and press C-Left or C-Right.

Wrestle as Funaki
At the character selection screen, highlight Tanka Michinoku and press C-Left or C-Right.

Wrestle as Gerald Brisco
At the character selection screen, highlight Pat Patterson and press C-Left or C-Right.

Wrestle as Goodfather
At the character selection screen, highlight Godfather and press C-Left or C-Right.

Wrestle as Jacqueline
At the character selection screen, highlight Ivory and press C-Left or C-Right.

Wrestle as The King
At the character selection screen, highlight JR and press C-Left or C-Right.

Wrestle as Howard Finkel, Paul Bearer, and Michael Cole
Unlock Earl Hebner, then highlight him at the character selection screen and press C-Right to wrestle as Howard Finkel, C-Right again to wrestle as Paul Bearer, and C-Right a third time to wrestle as Michael Cole.

Fatal 4-way match
Choose Royal Rumble, then "Select". Set the number of superstars to "4". Then, set the following rules:
Count Out: No
Pin: Yes
Submission: Yes
TKO: No
Rope Break: Yes
DQ: No
Bloodshed: Yes
Time Count: No

Use opponent's ground moves
Get a special, then press A + B when your opponent is on the ground