WrestleMania V was the fifth annual WrestleMania professional wrestling pay-per-view (PPV) event produced by the World Wrestling Federation (WWF, now WWE). It took place on April 2, 1989, at the Boardwalk Hall in Atlantic City, New Jersey. A total of 14 matches were contested at the event.

The main event was Hulk Hogan versus Randy Savage for the WWF World Heavyweight Championship, billed "The Mega Powers Explode", which Hogan won after a leg drop, marking the first time that the world championship would change hands at WrestleMania (Savage's victory the previous year to capture the championship was as a result of a tournament to name a new champion following a vacancy). Miss Elizabeth was at ringside in a neutral corner for the first half of the main event before the referee sent her to the locker room area. The undercard included matches pitting Ravishing Rick Rude against The Ultimate Warrior for the WWF Intercontinental Heavyweight Championship, The Hart Foundation (Bret Hart and Jim Neidhart) against Greg Valentine, and The Honky Tonk Man, and Demolition (Ax and Smash) against Powers of Pain, and Mr. Fuji in a handicap match for the WWF Tag Team Championship. This event also went head to head with WCW's Clash Of The Champions VI.