STAMFORD, Conn. -  Legends of Wrestling, one of the most controversial talk shows on WWE 24/7 Classics On Demand, returns with a brand new installment. Hosted by "Mean" Gene Okerlund, with featured guests, Hall of Fame announcer and former Legends of Wrestling host Jim Ross, ECW Legend Tazz, Hardcore Legend Mick Foley and WWE Hall of Famer "Nature Boy" Ric Flair, the latest installment delves into factions. 

"A faction usually starts with one individual on one side and another on the other side. It's kind of like the old days when we were kids out on the baseball diamond. You choose which guy you wanted on your side," explained Okerlund. "Early on, the thing I liked was a lot of the pay-per-view events had these different groups of factions competing, for instance, Survivor Series. What better venue to display all these different personalities and some good solid wrestling than the old Survivor Series."

There's no better person to ask about factions than Ric Flair. For four decades, the "limousine ridin', jet-flyin', kiss stealin', wheelin', dealin' son of a gun" headlined notable factions such as, the Four Horsemen and Evolution, with current Superstars, Triple H, Batista and Randy Orton. 

"You want to talk about legends. Here's a guy who is the living legend, the Nature Boy," said Tazz about the former 16-time World Champion. "A lot of guys have successful runs in the business. They had their time. Then, you have Ric Flair. His run never ended. Ric just keeps getting more popular."

First launched in the fall of 2006, in previous episodes of Legends of Wrestling, celebrated panelists discussed everything from the Monday Night Wars to the greatest Superstars of the 1980s. For this go-around, the "fellas" spoke candidly about legendary factions such as the Four Horsemen, D-Generation X and Varsity Club. For Tazz, who made his first appearance on the groundbreaking show last fall, to be asked to appear alongside "Naitch," Foley and Good Ol' J.R., was a great honor.

"I think to be invited back solidifies that I'm just washed up and old," joked Tazz. "No, but I'm flattered to be a part of this panel. It's great to have seen sports-entertainment evolve the way it has, but it's just as rewarding to be with a group of my peers to reminisce about good times. I learned a lot of stuff about guys I never knew. It was unbelievable."

Okerlund agreed with Tazz's view of Legends of Wrestling and he believes there's something in it for everyone who is a sports-entertainment loyalist.

"Legends of Wrestling is a unique format that reminds me of ... if you went back to the 50s, 60s, and 70s, guys would ride in cars and they would talk about the industry. The show takes fans inside of what it's like to be a part of these conversations. It's very informative and entertaining to watch," Okerland described.