AEW Dynamite opens up with an intro video.

Le Champion Chris Jericho then kicks off the show with his Thanksgiving Thank You Celebration while Soul Train Jones was in the ring, along with a portrait of The Inner Circle as well as a few goofy mascots dancing outside the ring

Best Friends (Chuck Taylor and Trent) def. The Lucha Brothers (Pentagon Jr. and Rey Fenix)

Emi Sakura and Bea Priestley def. Hikaru Shida and Kris Statlander via pinfall with a roll-up from Sakura on Statlander

Cody Rhodes def. Matt Knicks via submission with a figure-four leg lock. After the match, Cody grabs a mic and calls out MJF. A masked wrestler rises up from a hole in the ring mat. He takes out Cody and removes the mask. The commentator calls him The Blade and then The Butcher also emerges from the hole in the ring mat. Allie also comes up from the hole and is referred to as The Bunny by commentary. The Blade, The Butcher and The Bunny stand tall over a wounded Cody as we go to a commercial break

Kenny Omega def. PAC via pinfall with a roll-up.

MJF def. “Hangman” Adam Page via pinfall with a cross rhodes. After the match, DDP heads out to the ring to present the AEW Dynamite Diamond Ring to MJF. He gets on the mic and says why he is there. He then hands over the ring to MJF. MJF then takes it, puts it on his finger and gives it a kiss. Page then says that some of MJF’s actions have been very disappointing, but tonight he is the man (while slapping him on his shoulder). DDP then says “while I’m the bigger man, I’ll congratulate you like a man.” DDP then puts out his hand and MJF puts his gum in DDP’s hand. DPP then says “seriously?” MJF responds, “seriously.” DDP then gets in MJF’s face, but Wardlow gets in DDP’s face. DDP then says that he better get out of his face and a mini-brawl breaks out, but security and referees get involved before too much goes down

Dustin Rhodes is in the ring for an interview with Jenn Decker.

Dustin talks trash towards Jake Hager and says that he is out for blood. Santana, Ortiz and Guevara then quickly hit the ring and beat Dustin down to the mat like a pack of jackals. The Young Bucks then join the fray and all three faces join in on a superkick party. The Inner Circle are then set up for three separate Shattered Dreams in the corners. All sets of testicles are kicked in with authority.

AEW World Champion Chris Jericho def. Scorpio Sky via submission with a lion-tamer to retain his AEW World Title