Punk has Mysterio up for the GTS and Mysterio counters into a huracanrana sending Punk into the ropes. Mysterio connects with the 619. Mysterio springboards off the ropes, but misses a body splash when Punk sits up. Mysterio hooks the shoulders of Punk sending his shoulders back to the mat in a pinfall, but Punk kicks out after two. Mysterio springboards off the top, Punk catches him on his shoulders, lifts Mysterio up and connects with the GTS. Punk covers Mysterio and gets the win.

Winner & #1 Contender for the WWE Intercontinental Title: CM Punk

After the match, CM Punk celebrates his win and then stares down William Regal at ringside. Jerry Lawler said it looks like Rey Mysterio's nose is broken. We see highlights of the match leading to the finish. Back live, Punk is helping Mysterio to his feet. Punk poses for the camera as Mysterio heads up the ramp holding his nose. Punk jumps up on the turnbuckle and celebrates his win some more. We see another shot of William Regal and Layla at ringside posing with the WWE Intercontinental Championship.

- A promo for the WWE Royal Rumble on January 25 airs.

- Backstage, we see a shot of Jeff Hardy. Hardy has facepaint on again. He said he asked himself a question: is he willing to change. Hardy said he has come across as a failure to some and people thinking he will make a mistake again. He said he finds those people afraid of him and afraid of what he can accomplish. Hardy said everyone has tried to break him and tonight is a new chapter in the career of Jeff Hardy. He said tonight he will answer all of the questions: does Jeff Hardy have what it takes? Is Jeff Hardy willing to change? He said he is who he is and will become WWE Champion.

- A video package airs from two weeks ago on Raw highlighting the events between Shawn Michaels and JBL and JBL making an offer to Michaels to work for him. We then see highlights from this past Monday's Raw where JBL accepted HBK's "Match of the Year" Slammy Award on his behalf.
- JBL's music hits and his limo appears in the arena. JBL walks out and heads to the ring. JBL grabs a mic and says he wants to introduce his new employee...Shawn Michaels (sounds like some ringside fans were trying to start a "JOEY STYLES" chant). HBK's music hits and he makes his way out to the ring. HBK grabs the mic and said he wants to get right to it. He said the economy has hit everyone real hard and unfortuantely he is not immune to it. HBK said he is in a tough spot right now and he has heard the whispers. He knows people think this can happen to him being on TV and being a WWE Superstar. HBK said he wished that was the case, but it isn't. He said in his 20's he lived the life and spent a lot of money. HBK said he never asked for help when he had to pay for all of his knee and back surgeries. He said ten years ago he met his wife, had two children and turned his life around. HBK said he did what most grown ups do and that is invest in the stock market. He took care of his family, gave to his church, gave to charity and it was pretty simple. HBK said he had, they didn't and he gave. Then the roof caved in he said. He said he doesn't know how much time he has left in wrestling. HBK said he doesn't know how many years he has left in him since he has a family that depend on him. He said that is why he took JBL up on his offer. HBK said he doesn't like JBL anymore than anyone else does, calling him a bully. He said the man is very good financially and that is what he needs right now. HBK said he will put his kids through college, not let his brothers and sisters lose their homes and not become one of those guys who you hear about wrestling in high school gyms or bagging groceries to make ends meet. He said he refuses to become a wrestling tragedy. HBK said you can judge him if you want, boo him or call him a sellout because that is the price he will pay. A loud "YOU SOLD OUT" chant starts up. HBK said this wasn't something he wants to do - it is something he has to do. JBL takes the mic from him and stares him down. JBL extends his hand. HBK stares down at it and shakes it. The fans boo loudly. JBL walks off and heads to the back. HBK pauses and then heads to the back as well.