Actually, the toaster made it to Round 3. =P

Anyway, here we go! Time to eliminate 5 of our competitors!

Hammer Brother vs. Professor Vengeance vs. Diotoir vs. Foxpig vs. XS3 vs. Samus Aran vs. Ming Higurashi vs. Lord DoomForAll vs. Pussycat vs. Pee-wee Herman vs. The Grim Reaper vs. Dr. Ivo Robotnik vs. A stingray vs. Ichigo Kurosaki vs. Blaze Ya Dead Homie

All house fighters are in this.

Everybody simultaneously enters the arena, and the fight begins. Diotior rams Pussycat but the feline dodges it and leaps upon the head of XS3, slashing at him. XS3 rams the ground with his face forcing the cat to dislodge itself from him. Robotnik fights with Ming who blasts the nearby stingray with an energy beam, but not incapacitating it. The stingray is about to attack when, with a cosmic BANG, Lord DoomForAll summons a horde of rift monsters into the arena, and they completely decimate the Hammer Brother who is in mid-throw at Ichigo Kurosaki. Ichigo swings his sword around but unfortunately it had dozens of C4 explosives attached; but fortunately it was so heavy that Ichigo lost control of it and it swung away into the Foxpig, destroying it instantly. Blaze Ya Dead Homie attempts to gun down Prof. Vengeance but with a swish of his Uber-cane Blaze is smitten to ashes and blown away by a charge beam Samus fired at Blaze a second before. Ming throws Robotnik away and swinging her katanas attempts to decapitate him but Pussycat leaps upon her and starts tearing away. Diotoir rams Mings foot and she falls with a cry but this causes Pussycat to fall right onto Diotoirs newly acquired spike which he stole from Vladiator, skewering it. One more to go as XS3 and Prof. Vengeance duel it out, however unfortunately Samus Aran was caught between them and as she tried to grapple Pee-wee Herman who was riding around in his trikey, a blast from XS3s palms and a shot from Vengeances cane met Samus with a gigantic explosion. Thankfully the suit kept her alive but shes barely able to get up. The Grim Reaper scratches his head, and wonders why he didnt do anything the entire fight.

Hammer Brother, Foxpig, Blaze Ya Dead Homie, Pussycat, and Samus Aran are eliminated!

Round 5 competitors

Lord DoomForAll
Professor Vengeance
Ming Higurashi
X-Smasher 3
The Grim Reaper
Diotoir
Dr. Ivo Robotnik
Ichigo Kurosaki
Pee-wee Herman
A stingray

Now then, I am going to do a little something like Alex did in the Wars Incarnate 2. I am going to make your fighters go up against some characters I choose. Some are completely my own, and some, however, are not. Some of the real characters will mainly be from the Lord of the Rings and SoulCalibur relams, as I am extremely addicted to them at the moment, and my own fictional characters will be based on them, too.

Now just give me some time to think of who to use.