Just attack him as he walks down the entrance ramp and pick it up for it to be added to your arsenal.
Get X-Pac's Bandanna
Simply attack Holly while he is walking down the ramp to pick up his hat. Then use it and it is unlocked for the rest of the game.
Get Crash Holly's Hat
To get Spike Dudley's glasses and be able to use them as a weapon: Attack Spike on his way to the ring.
Get Spike Dudley's Glasses
Attack Christian in his entrance. Keep beating him, and after a while, his shades will fall off. Pick them up to unlock this item.
Attack Kurt Angle in his entrance. Keep attacking until his medals falls off, and use those to beat him down 30 times (Or more. And, no, I'M NOT JOKING!). It may seem like a long time, but keep at it, and the real medals will fall off.
REAL Gold Medal
When Tazz is intering the ring attack him and keep punching him and his glasses will fall off and you are able to use them as a weapon.
Attack Bubba on his way to the ring. Do the same for D-von
Bubba Ray and D-Von's glasses
Win all championship belts to unlock Fred Durst from Limp Bizkit
Attack K-Kwik when hes entering the arena, and he'll drop the mic.
Win the Hardcore Title to unlock Shane McMahon.
Win the Women's Championship.
Attack Triple H when he's entering the ring, then he'll drop his water bottle and pick it up to unlock.
Triple H's water bottle
Win the WWF Heavyweight Title to unlock Vince McMahon.
To unlock weapons change the rules to hardcore and keep smashing the boxes to unlock weapons, if it say new on the small picture it means you just unlock a new weapon.
Attack him when he's entering the arena, and he'll drop them and you will be able to fight with them or wear them.
Get Edge's Shades
Play a Match against Fred Durst in a Hardcore Rules Match and simply beat his hat off
Get Fred Durst's Hat
To obtain Moppy, simply attack Perry Saturn when he's on his way to the Ring. Now, beat some sense into him with it.