Although the build-up for the pay-per-view began in the middle of May, plans were in the works behind the scenes for several months in advance. Tommy Dreamer was in charge of organizing the event and getting ECW Originals to participate. He contacted several people, including The Sandman, Sabu, Justin Credible, and ECW commentator Joey Styles. Reports later stated that Paul Heyman was working with Dreamer to help prepare the event. Other ECW related wrestlers were later added to the pay-per-view. The event was publicly confirmed by WWE through a Dish Network magazine in March 2005. In an interview with SLAM! Sports days before One Night Stand, ECW Original Rob Van Dam announced he had asked Vince McMahon about the idea of holding an ECW reunion event.
According to reports, many people backstage were very happy with the way One Night Stand went and many former ECW wrestlers that had worked the pay-per-view described it as a "fun" event. 325,000 people bought the event on pay-per-view. Many tried to order it through WWE's official website, but the website was shut down because not enough bandwidth was available.
- Lance Storm (with Dawn Marie) defeated Chris Jericho
- Super Crazy defeated Yoshihiro Tajiri (with The Sinister Minister and Mikey Whipwreck) and Little Guido (with Tracy Smothers, Tony Mamaluke, Big Guido, and J.T. Smith) - Three-Way Dance
- Rey Mysterio, Jr defeated Psicosis
- Sabu (with Bill Alfonso) defeated Rhyno
- Chris Benoit defeated Eddie Guerrero by submission
- Mike Awesome defeated Masato Tanaka
- The Dudley Boyz (Bubba Ray Dudley and D-Von Dudley) defeated Tommy Dreamer and The Sandman