The nWo is perhaps the greatest stable in all of pro-wrestling history.
It is also the greatest example of what can happen in wrestling if Creative is unable to determine when a certain idea or storyline has been used too long.
The nWo saw the rise of Hollywood Hogan as a heel, the creation of Eric Bischoff as an on-air personality, a role which he still plays today.
Several other ideas can be linked to the nWo, such as the Corporation and D-Generation X in the WWE, Immortal in TNA wrestling, and characters who have an abuse-of-power, such as Mr. McMahon in the WWE, and Bischoff/Hogan reclaiming the same role in TNA today.
The New World Order was formed at Bash at the Beach 1996, as Hulk Hogan joined forces with the "Outsiders", and defectors from the WWF, Scott Hall and Kevin Nash, who came to start a war with WCW.
The group would assault WCW stars, security, and personnel for months and years, and continued to add members to its faction on a weekly basis.
Around 1998, the nWo began to get big and featured stars who couldn't get over at all with the fans, and the concept had simply lost its magic.
After many failed revivals, and after adding and taking out and adding and taking out once again nearly 30 different members of the years, the nWo finally disbanded in late 2000 after a four-year run.
The idea caught fire so much in the beginning that Bischoff and the rest of the creative department just couldn't seem to part with the nWo concept and kept trying to find ways to stretch the story out longer and longer, yet all that they were able to do is continuously water it down.
Many different superstars were held down and unable to reach main event status, and therefore defected to WWE at the end of their contracts.
Superstars such as The Giant, Chris Jericho, Eddie Guerrero, Chris Benoit, Bill Goldberg were all young stars with the company defected to WWE (and would all be future WWE heavyweight champions) due to the disgruntlement of being unable to be featured at the top of the card at the time of their departure.
It was Hogan, Nash, Jarrett, Sting, Luger, Hall, and the rest of the nWo who always had the spotlight.
Ten years later, it is still very difficult to identify one exact reason that WCW is no longer around today.
All of the company's mistakes can be traced to poor booking and the inability to let go of the same, overused concepts, as well as use future superstars already on the roster to allow their product to continue to grow.