Apologies for this mega-bump, but I wanted to respond to this topic and I'm sure others will too. First my own personal wrestling journey:
I was born in 1982, which makes me 26. I'm from the UK and, like most kids of that time, I got into WWF around 1990 -- it was difficult not to. Ultimate Warrior was a massive star, most kids were fans of either him or Bret Hart, with the odd one or two liking Savage. Hogan a bit less so, possibly because his gimmick is 100% American and we're British. I've always had a strong individual streak, even as a kid, so I rejected ALL the faces. I actively supported the heels: my fave wrestler being Ted DiBiase followed by Mr. Perfect, Ric "the Model" Martel and anyone who Bobby Heenan managed. Pretty rare for an 8 year old to only like heels, but that's just what I'm like. I supported Mumm-Ra and Skeletor against the Thundercats and He-Man respectively. I always wanted The Emperor to defeat Luke Skywalker. What can I say, bad guys are just so much more fun than goodies. ^_^
Anyway, here in the UK you could only watch wrestling if you had Satellite TV, which was much much less common than it is now. So there'd be like one privileged kid who followed it week to week and then everyone else. Because of this, we didn't so much "follow" wrestling as we just collected the Colosseum Home Videos. There was a rip-roaring system of video trades. We'd often be watching stuff like Wrestlemania IV or V, despite the fact those events happened a few years ago. I remember the absolute holy grail[/url] of these videos was Summerslam '88. There were a few reasons for this: 1. Unlike practically all the other videos it had a 15 certificate, and we all wanted to know why, 2. It had a white cover which was different to all the others, 3. It was rare as hell and practically no-one had it. I remember looking with great longing at the "Also from Colosseum Home Video and Silvervision" in-lays and wondering who won that Mega Bucks vs. Mega Powers match (and really really hoping it was DiBiase and Andre). This being pre-internet days no-one really knew what the results were until we saw the tapes. This sort of thing went on until about 1994. I remember the gap between Wrestlemania 9 and Summerslam 93 (despite the KoTR, which somone taped for me) seeming like MONTHS.
In addition, in 1991 one of our terrestrial channels -- ITV -- started showing WCW Worldwide at like 2 in the morning. I was into wrestling more than the average WWF mark, so I used to tape that too (I'd say only about 2 or 3 other kids did). I even remember not trusting the Video Recorder's timer system and setting my alarm to wake me up just to hit record!!! I have great memories of that WCW Worldwide show: Gary Capeta's unique announcing style (he REALLY made the jobbers sound shite!), Jesse Ventura's Arm Wrestling Competition, the Dangerous Alliance, Rick Rude with short hair as "WCW International Champ", and seeing Sting as a massively over star. Even back then, WCW seemed distinctly like the second best promotion behind WWF. I watched it because it was on, but WWF still felt like where it was at. I think ITV pulled it in 1994.
Around that time a few more people got Sky, and I'd regularly go and watch WWF shows and events at someone's house or get a tape recording. I remember "supporting" IRS in his feud against Razor Ramon and being gutted when he didn't win the IC title.
Then, wrestling seemed to die a bit. No one was into it any more and I just forgot about it until, say, 1998. By this time my parents had Sky and me and my younger brother watched Raw (and later Smackdown) every week until the invasion angle of 2001. Lots of my old friends started watching again during this period as well. After that the WWE really struggled to hold either of our interests. We saw the debut of Randy Orton and the formation of Evolution, and watched for about the first year and a bit of the Brand split. But then wrestling seemed to become rubbish again. It certainly went out of fashion for me and my brother, and most of my wrestling watching friends.
I think that journey of watching tapes from 1985-1994 then losing interest for a few years before getting into the attitude era between 1998 and 2002 is fairly typical of the average UK wrestling fan of my age. Any 20-something UK fans here to corroborate that?
So to the issue of "Old School":
For me "old school" should be just a bit before the era you remember, literally before my memory. In my case that is roughly the period 1985-7. To my eyes the product of that period is quite different from the time when I was a WWF fan as a kid (88-94). The main difference is the type of people on the card: people like Ken Patera, Harley Race, JYD, Don Muroco and so on -- that's a different, earlier generation of stars in my mind to the people I watched (Savage, DiBiase, Perfect, Rude etc.). Wrestlemania IV is the transition point: there's still quite a lot of those guys on that card but by Wrestlemania V they've all but gone. THAT's my "old school". Of course, I'd include in that the NWA/Jim Crockett promotions stuff from between 1985 and, say, 1991 when WCW came to our screens here.
Incidentally, I view the period before 1985 -- when it was WWWF and when the likes of Bob Backland was champ as being "ancient" or pre-history.