This whole thing had to be the dumbest wrestling storyline ever. It might be the dumbest storyline for anything, period.
Basically, you tell people the whole show is fake, but not this part right here, it's real! And somehow that is supposed to make you more interested in the rest of the show, despite you just saying that everything is scripted except from what you just supposedly deviated from. I remember, as another example, when the Hogan/Russo thing happened at Bash At The Beach 2000, the announcers were saying "Omg, this isn't part of the script! What you're watching is actually real folks!" And then they go right back into character afterwards, despite just admitting on air that the whole show is scripted.
Imagine a movie where someone looks to the camera and says an unscripted line that breaks the fourth wall and exposes the movie as fake (as in the characters know they're in a movie) but then goes right back into character, and you're supposed to act like that somehow makes the movie overall more deep or something. It would be the dumbest shit ever, but that's what this angle here was.
No wonder WCW was out of business not even a year later.