1. Mike "Quick" Swick

What it probably refers to: the speed with which Mike Swick dispatches his opponents.
What it sounds like it refers to: the speed with which Mike Swick dispatches his sperm.

2. Oleg "The Russian Bear" Taktarov

What it probably refers to: He's big like a bear. He's Russian. He's the Russian Bear!
What it sounds like it refers to: He's a big, furry, Russian gay dude.

3. Frank "Twinkle Toes" Trigg

What it probably refers to: He's light on his feet in the ring.
What it sounds like it refers to: He's light in the loafers.

4. Jeff "The Snowman" Monson

What it probably refers to: He's cold! Cold as ice!
What it sounds like it refers to: He's a cocaine addict.

5. Randy "14 year old Kid" Rider

What it probably refers to: I'm at a loss here...
What is sounds like it refers to: Randy is a card carrying member of NAMBLA.