AEW delivered a packed three-hour Dynamite and Collision special from Indianapolis, Indiana, with championship matches, All Out developments and several heated confrontations setting the stage for Saturday's pay-per-view.

The evening opened with the AEW World Trios Championship on the line before eventually building toward an explosive Collision main event between PAC and Ace Austin.

Swerve Strickland & New Level Retain AEW Trios Championships

The night began with Ricochet and The Demand declaring their intention to reclaim the AEW World Trios Championships from Swerve Strickland and New Level.

The champions responded with their own backstage message before making their way to the ring for the opening contest.

Ricochet and Swerve started the match, with the action quickly becoming a showcase of athleticism and power. The Demand eventually isolated Austin Creed, but New Level repeatedly found ways to get their partner back into the fight.

Ricochet later delivered a 630 Senton, but Swerve broke up the ensuing pinfall. The match erupted into chaos during its closing moments, with all six competitors trading huge moves.

Swerve ultimately hit Liona with the House Call, followed by a 450 Splash from Swerve, a kick from Creed and another from Kofi before the champions covered Liona for the three-count.

Winners and STILL AEW World Trios Champions: Swerve Strickland & New Level

Hangman Page, Brodido Confront the Champions

Following the match, Hangman Adam Page, Brody King and Bandido appeared ahead of their All Out Trios Championship challenge.

Page congratulated the champions but questioned Swerve's decision to suddenly surround himself with new partners.

Swerve responded by questioning whether Page would eventually abandon Brodido just as he had previous partners, referencing their bitter history.

The six men will collide for the AEW World Trios Championship at All Out.

Jon Moxley Defeats Dezmond Xavier

Jon Moxley defended his position in the Continental Championship picture against Dezmond Xavier.

Xavier's speed gave Moxley plenty of problems, including a standing Shooting Star Press and several high-impact counters.

Moxley eventually caught Xavier with the Bulldog Choke and dragged him back toward the center of the ring when Xavier attempted to reach the ropes.

Xavier ultimately passed out in the hold, forcing the referee to stop the contest.

Winner: Jon Moxley

Adam Copeland Approaches Darby Allin & Steven Borden

Backstage, Adam Copeland spoke with Darby Allin and Steven Borden about their pursuit of an AEW World Tag Team Championship opportunity.

Copeland warned them that challenging for the titles means reaching for the highest level of tag-team competition.

Darby didn't hesitate.

Despite Copeland comparing the challenge to climbing two Mount Everests, Allin accepted.

Three-Way Tag Team Championship Feud Explodes

The Young Bucks, FTR and AEW World Tag Team Champions Adam Copeland & Christian Cage met in the ring ahead of their ladder match at All Out.

The verbal confrontation quickly became personal.

Christian mocked the challengers, while Matt Jackson brought up the champions' age and Copeland's history with injuries.

The argument eventually erupted into an all-out brawl.

Tables, ladders and chairs entered the equation as the three teams battled throughout ringside. Security attempted to intervene, but Copeland and Christian eventually laid out a security guard with a Conchairto.

The AEW World Tag Team Championship ladder match at All Out is officially personal.

Tommaso Ciampa Defeats Jake Doyle

Ahead of his International Championship match against Kazuchika Okada, Tommaso Ciampa battled Jake Doyle.

Doyle repeatedly used his size advantage, but Ciampa survived and eventually connected with multiple running knees to secure the victory.

Winner: Tommaso Ciampa

Ciampa and Okada Continue Their War of Words

After the match, Ciampa called out Okada.

The International Champion appeared on the stage and made it clear that Ciampa would have to wait until All Out to get his opportunity.

Okada promised to prove that Ciampa isn't on the same level as the Rainmaker.

Ciampa responded by promising to unleash a side of the Psycho Killer that Okada hasn't seen before.

Persephone Retains the TBS Championship

Persephone defended the AEW TBS Championship against Hyan, with Britt Baker joining commentary.

Hyan mounted several comebacks throughout the match, but Persephone ultimately secured the victory by using the bottom rope for leverage during a cradle.

Winner and STILL AEW TBS Champion: Persephone

Ospreay & Speedball Defeat Death Riders

The first main event of the evening saw Will Ospreay & "Speedball" Mike Bailey take on Claudio Castagnoli & Gabe Kidd.

The Death Riders repeatedly isolated Bailey, preventing him from reaching Ospreay.

Eventually, Speedball made the hot tag.

Ospreay exploded into the match and helped turn the tide, with the two babyfaces trapping their opponents in simultaneous submission holds.

After a frantic closing sequence, Ospreay countered Claudio's Giant Swing attempt and eventually connected with the Styles Clash to secure the victory.

Winners: Will Ospreay & "Speedball" Mike Bailey

Ospreay Sends a Warning to Jon Moxley

Ospreay celebrated before addressing the Indianapolis crowd.

The AEW World Champion praised Moxley for his influence and guidance throughout AEW's history, but emphasized that he now stands across the ring from Moxley as the champion.

Moxley entered the ring and questioned whether Ospreay truly felt like the champion.

Before Ospreay could respond, Gabe Kidd attempted a sneak attack.

Ospreay saw him coming and dropped Kidd before turning his attention back toward Moxley.

Ospreay made it clear:

He absolutely feels like the champion.

Moxley subsequently left the ring.

Collision Begins With More All Out Developments

The Collision portion of the broadcast opened with several major storylines.

Jack Perry addressed his upcoming match with Katsuyori Shibata, which he must win before getting his opportunity against Samoa Joe.

Meanwhile, The Brawling Birds and Divine Dominion attempted to settle things peacefully with tea and crumpets.

That didn't last long.

Divine Dominion attacked the champions and stood tall ahead of their All Out title match.

Kevin Knight & Kyle Fletcher Defeat The Outrunners

Kevin Knight & Kyle Fletcher battled The Outrunners in tag-team action.

After an extended contest, Fletcher hit Turbo Floyd with a Sheer-Drop Brainbuster before Knight connected with the UFO Splash for the victory.

Winners: Kevin Knight & Kyle Fletcher

Afterward, Fletcher challenged Darby Allin and Steven Borden, claiming the Don Callis Family would defeat them at All Out.

Darby and Borden refused to come down from the rafters, instead challenging Fletcher and Knight from above.

Chris Jericho Accepts Nick Wayne's Challenge

Chris Jericho addressed his ongoing issues with Nick Wayne following their match the previous week.

Wayne eventually came to the ring, and the two discussed their respective careers.

Jericho acknowledged the similarities between their journeys, including beginning their wrestling careers at young ages.

Wayne, however, refused to accept Jericho's comparison.

The confrontation ultimately resulted in Jericho accepting Wayne's challenge.

Chris Jericho vs. Nick Wayne is now set for Grand Slam Paris.

Thunder Rosa Joins Hyan

Following Hyan's loss to Persephone earlier in the evening, Hyan revealed Thunder Rosa as her new tag-team partner.

Rosa and Hyan will face Britt Baker & Persephone in Pittsburgh.

Queen Aminata Defeats Skye Blue

Queen Aminata faced Skye Blue, with Mercedes Moné joining commentary.

The match became increasingly chaotic after Julia Hart interfered, leading to a confrontation between Julia and Mina Shirakawa.

Aminata eventually hit Off With Her Head to defeat Blue.

Winner: Queen Aminata

Julia Hart Attacks After the Bell

Julia attacked Aminata immediately afterward.

Mina Shirakawa came to her partner's aid, while Thekla and Willow Nightingale soon became involved.

Willow helped clear the ring as the tension between her and Thekla continued to escalate ahead of their All Out showdown.

Persephone Issues TBS Championship Open Challenge

Backstage, Britt Baker and Persephone accepted Hyan and Thunder Rosa's challenge for their upcoming tag match.

Persephone then issued an open challenge for the TBS Championship at All Out.

Hyan, Thunder Rosa and Maya World are specifically excluded from answering the challenge.

PAC Defeats Ace Austin in Collision Main Event

The final match of the night saw PAC battle Ace Austin.

Austin utilized his speed and athleticism early, while PAC repeatedly attempted to slow the pace.

The match became increasingly physical following the commercial break, with both men exchanging increasingly heavy offense.

PAC eventually found the opening he needed.

The Bastard climbed to the top rope and connected with the Black Arrow, covering Austin for the three-count.

Winner: PAC

All Out Brawl Erupts

The night wasn't over.

Following PAC's victory, he refused to release Ace Austin until Jay White came down to make the save.

The Dogs and Death Riders quickly became involved, creating a massive brawl ahead of the All Out Tailgate Brawl.

Then Andrade El Idolo's music hit.

Andrade immediately went after PAC, with the two fighting into the crowd.

The chaos continued around ringside as the three-hour AEW Dynamite & Collision special finally came to an end.