I was there live, so I saw it.
Well, at the 10/6/97 RAW (the night after Brian Pillman's death), they taped Shotgun Saturday Night beforehand. There was a match, with "Rockabilly" (with Honky Tonk) vs. some jobber. Before the match could start, Road Dogg walks out with a mic and berates Billy for dressing like an idiot and having Honky as his manager. Eventually Billy KO's Honky with the guitar and leaves with Road Dogg. From then on they were a team.
"I smell money!"