#2 Miss Elizabeth

Miss Elizabeth set the standard for female valets. Rather than dressing in skimpy outfits or using her sexuality, she instead projected class, dignity, and compassion.
Miss Elizabeth is most well known for the time she spent as Macho Man Randy Savage's valet. The pair were married for a time but later divorced, though they remained amicable enough to keep working together in angles on-screen.
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Tragically, Miss Elizabeth died of an overdose while in the company of Lex Luger, and the details of her death are somewhat shady at best. Still, wrestling fans remember the woman who elevated the program with her mere presence fondly and believe she should be in the Hall of Fame.
Why she's not going in: Miss Elizabeth's sad, confusing death is the most likely culprit. It's hard to talk about her and not mention how she died, or the ongoing legal problems it has caused for Lex Luger. There may still be bitterness toward Elizabeth for signing with WWE's rival WCW as well.