I sort of forgot about this, which is silly because I actually created the "Tales from the Darkside" wiki on wikia.com. But yeah, a really corny episode even for this show, which is always corny to begin with.
This was right around the height of WWF popularity in the 80s, right after WrestleMania III but right before Mania IV. Vic Tayback plays a wonderful cheesy heel manager who seems to be patterned a bit after Freddie Blassie. Steve Strong has a body like Flair but it obviously mocking Hulk Hogan with his goody two shoes character.
Anyway, it's no great piece of cinema but if you want to watch a corny show from the 80s not making fun of wrestling but trying to capitalize on it, this might entertain you.