It all started when Hulk Hogan showed up at Nitro ready to challenge the WCW champion Kevin Nash to a title match. There was a big build up, and when the match happened, Hogan tapped Nash with one finger and Nash dropped and was pinned. The nWo was reformed.
Prior to this, the nWo had been split into two entities, Hollywood and Wolfpac, and this was the reunion of the two groups.
Members included Hollywood Hogan, Kevin Nash, Lex Luger, Scott Steiner, and Buff Bagwell.