I grew up on it. On teh real, if you have older brothers and you grew up in the 80's and 90's it was kinda hard to not watch porn, wrestling, kung fu theatre and other karate flicks, horror movies, godzilla, ultra man and force five cartoons (raydeen, danguard, mazinger etc.)
I tell a lot of people if they want to understand marketing and promotions they need to probably watch a couple of wrestling episodes. Vince Mcmahon = marketing and promotions GURU.
I know its fake, but like homie said you watch it to see whats going to happen next, and this is part of the entertainment. If I want to watch REAL fights, I watch boxing or MMA, but those lack "drama".