The December 21, 1986 edition of Wrestling Challenge is a Professional wrestling television show of the World Wrestling Federation. It was taped on December 10, 1986 at the Tucson Convention Center in Tucson, Arizona.
- Numbers in parentheses indicate the length of the match.
- (c) refers to the champion(s) heading into the match.
- Dark match: Randy Savage (w/ Miss Elizabeth) (c) defeated Tito Santana by Count Out to retain the WWF Intercontinental Championship (7:27)
- The Honky Tonk Man (w/ Jimmy Hart) defeated Lanny Poffo (1:42)
- The Rougeau Brothers (Jacques Rougeau & Raymond Rougeau) defeated Dennis Stamp & Mike Luca (2:16)
- Hercules (w/ Bobby Heenan) defeated David Gold (2:59)
- Billy Jack Haynes, Hillbilly Jim & Pedro Morales defeated Buddy Ryder, Kevin Collins & Tim Patterson (4:35)
- The British Bulldogs (Davey Boy Smith & The Dynamite Kid) & The Junkyard Dog defeated Moondog Spot & The Dream Team (Brutus Beefcake & Greg Valentine) (w/ Johnny V) (3:25)