Survivor Series (pt1)

Saw the first couple of matches

( Here be spoilers, and possibly monsters )

Questions, of the wrestling variety

Anyone know who this is?

http://www.survivorserieshistory.com/1994/images/11.jpg

I made the deep mistake of trawling through the Survivor Series History pages, and am now more confused than when I started.

Why was Santa presenting the World Title (I presume it was the world title)?