Heading into 1994, Steamboat engaged in one last feud over the WCW World Heavyweight Championship with longtime rival Ric Flair, which culminated in a match in the main event of Spring Stampede where the title was briefly held up due to both men's shoulders being pinned at the same time. On the May 14 edition of "Saturday Night", Flair defeated Steamboat to reclaim possession of the title. Their final singles match was on "Main Event" in July which ended on a disqualification when Steve Austin interfered. Steamboat and Flair's last encounter was in a tag team match on the July 31 edition of "Main Event" where Steamboat teamed with Sting against Ric Flair and Steve Austin.