Hulk Hogan and co-wrestler Ric Flair held a press conference to kick off their new tour, "HulkaMania: Let The Battle Begin tour Down Under," when things inevitably turned to fisticuffs, as is the way in their culture. If you think Hulk got it bad, just wait til you see the other guy. Oh just kidding, the other guy is fine.

In a staged fight - known as a 'work' among wrestling fans - 60-year-old Flair busted open the Hulkster, 56, with a flurry of punches after the two traded insults about their failed love lives.

It is thought former WWE world champion Hogan cut himself to start a flow of blood, which then ended up all over his face and white T-shirt. The stunt is known as 'blading'.

News outlets in Australia were unsure what to make of the incident, with many of them reporting it as a serious bust-up. (Source)

If this really was staged and Hulk Hogan really did cut himself on purpose, you have to admit that's really a ballsy move on his part. You know what they say about repairing old, worn leather -- it's damn near impossible.