The event featured five matches based on scripted storylines, and the results were predetermined by the WWF. The main event was the 1995 Royal Rumble match, which Shawn Michaels won after entering first and outlasting the 29 other wrestlers for the first time in WWF history. The event also featured a match for the WWF World Heavyweight Championship, when Diesel defended the title against Bret Hart. The match was stopped when several other wrestlers interfered and the referee lost control of the match. Two other title matches took place; Jeff Jarrett won the WWF Intercontinental Championship from Razor Ramon, and The 1–2–3 Kid and Bob Holly won the final match in a tournament that determined the new WWF Tag Team Champions.

Several storylines from Royal Rumble 1995 were carried over to WrestleMania XI, the WWF's next pay-per-view. Bam Bam Bigelow attacked National Football League Hall of Famer Lawrence Taylor, who was sitting in the crowd; this set up a match between the two at WrestleMania. Pamela Anderson was at ringside and was supposed to accompany the winner of the Royal Rumble match to his WWF World Heavyweight Championship match at WrestleMania. Although Shawn Michaels won the match, Anderson came to the ring at WrestleMania with Diesel. The Undertaker's feud with Ted DiBiase's Million Dollar Corporation also escalated, as DiBiase's men stole the urn that was said to give The Undertaker his power. Jarrett and Ramon continued to feud for several months, and Bret Hart targeted Bob Backlund because of Backlund's interference in the WWF World Heavyweight Championship match.

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