Was Val Venis suppose to be a shot at Buff Bagwell?
Val Venis was a porn star atleast in story he looked the part and he played it well and connected with the crowd, he had charisma, had the ability until he injured his knees and back and was on the fast track to IC gold, i'd say that if anything trying to WWF was just trying to one up the competition not taking a stab at them except ofcourse mocking the Outsiders which maybe wasn't mocking them as much as they had invested alot of time and money into Diesel and Razor and then they left leaving WWF without those very over characters and mocking Hogan and Macho Man openly.
On the whole WWF was all Sex, chauvinistism, Relationships and extreme violence and adult themes in general, meanwhile WCW was slightly racey for the most part.
Val Venis was just the most obvious, but they also had Mae Young, Sexual Chocolate, The Godfather, The Dicks, Beaver Cleavage, next to The Godfather ofcourse and all his ho's and the list goes on
Vince coined it, while the competition was trying to promote rasslin as real, WWF was taking a more adult approach and trying to imitate life