Jericho does this a second time to HBK as the fans boo with Jericho holding the steel chair up in the air. Jericho mounts HBK and gets in a few stiff rights allowing Cade to lock up HBK's arm inside the steel chair. Jericho goes up to the top rope as HBK kicks Cade away. Cade hits the ropes causing Jericho to get crotched. Cade is back up and HBK levels him with some Sweet Chin Music. HBK now has the steel chair and cracks it over the head of Jericho who falls off the turnbuckle and crashes through the table at ringside! HBK then walks over to Jericho and slams the steel chair over his body a few times. HBK then clears off the Raw announce table and puts Cade on it. HBK rolls back in the ring, goes up to the top turnbuckle, but sees Jericho standing up and jumps down. HBK kicks Jericho in the head and puts Jericho over Cade on the Raw announce table. HBK rolls back in the ring, goes up to the top turnbuckle, jumps and connects with a flying elbow over Jericho and Cade crashing through the announce table! HBK sits down against the ring taking in the moment. HBK then grabs Jericho, throws him into the ring and stands over him.

Jericho's nose is bloody at this point. HBK removes his belt and begins cracking it over the back of Jericho who screams out in pain. The referee yells at HBK and HBK continues his assault on Jericho using the belt. HBK wraps the belt around his knuckles, sits down near Jericho, wraps Jericho's arm across his throat and locks the other arm up allowing HBK to get in repeated shots to the head using the belt. HBK then mounts Jericho and gets in more punches using the belt when the referee calls for the bell.

Winner: Shawn Michaels

After the match, the referee pulls Shawn Michaels off of Chris Jericho and raises his hand during the winning announcement. Michaels continues to stare down Jericho against the rope. Michaels walks back over, mounts Jericho and gets in more punches. The referee pulls Michaels off Jericho UFC-style. Michaels backs off and continues to stare at Jericho. Michaels then levels the referee with some Sweet Chin Music. Three referees hit the ring and attend to Jericho. The fans start a loud "HBK" chant. Michaels falls to his knees and Michael Cole says HBK must be wondering if God will ever forgive him for what he did tonight and if he will forgive himself. Michaels gets back to his feet as his music hits. We then see highlights of the match leading to the finish. Back live, we see a shot of Michaels walking to the back.