Hogan told him to pull down with the right forefinger and thumb. The way he described it, the Right Shoulder stayed where it was, and the hands/club dropped.
How is this different than using #2pp?
John Schlee was a competitor at the time?
Well, it seems that using PP #2 would use the Left Arm muscles vs using the Right Arm muscles by doing it with the right forefinger/thumb.
Schlee was on the tour at the time. I think Hogan wanted to help him because he saw in Schlee the same desire and work ethic that he had.