#3 NWO/BWO
I would have simply mentioned the NWO as a faction to recreate, but since it had a few 'ripoffs', I felt that it would be easier to create a new version of the NWO that's closer to one of the knockoffs.
Since the Blue World Order was ECW's answer to the NWO, they were part comedy and part wresting. They didn't capture all the gold, but they were an entertaining act nonetheless.
It would easy to do because Vince always seems to want to reboot or recreate the NWO faction. The main problem is that the three main men behind it - Hogan, Nash and Hall - are all too old and out of shape to be believable.
For that reason, I am suggesting the Bald Guy World Order or the Bald Guy Mafia. There are a plethora of chrome-domed superstars on the roster and it would be a great marketing ploy.
Think of all the shirts and other merchandise they could churn out. Guys like Cesaro, Apollo Crews, Titus O'Neill and Gallows and Anderson would be perfect for the group. O'Neill or the Good Brothers could be the voice so Apollo and Cesaro could be the wrestling threats.
The Good Brothers are used to doing work in factions and might be better served being placed in one should circumstances dictate it necessary in the near future. The could say that bald is beautiful and that they haven't been getting the opportunities they should be getting.
Sure, Lashley and the Big Show are also bald guys, but Lashley doesn't have the charisma to pull off the role and Big Show would turn heel and face too much to make an impact.