Right, just done a bit of Googling and it seems that WCW - the wrestling promotion that both the ICP and The Great Malenko’s son, Dean Malenko, were working for at the time - claimed that this song / album was named after the wrestler.
Here’s the Google cache from an ICP fansite where the author pours water on that claim.
It looks like, whether inspired by the wrestler or not, they just made the name up.