With Captain Lou Albano accompanying on piano and Hulk Hogan playing bass, no less.
These guys aren't the only musically talented wrestling guys. Bad-guy manager Jimmy Hart (aka "The Mouth Of The South") was in the 1960's rock band "The Gentrys", who had a big 1965 hit called "Keep On Dancing".
Here's the link:

http://youtube.com/watch?v=SzkjBXsZUwU&search=Gene%20Okerlund

is that hulk hogan playing bass?

One and the same (obviously this video was done a number of years ago, as Hulk doesn't have nearly that much hair now). Plays bass pretty well, too, I might add.