The reason that title reigns were so short in the beginning was the Monday Night Wars. They felt a title change would give them a boost in ratings and try to do that as many times as they could. I've been in an argument who thought the Rock was better than Shawn Michaels because he won more titles, despite the fact if you add them up still comes up short.
Glad to see longer reigns more often, though I have a feeling people will complain about that. Also, while Cody hasn't defended much, HTM didn't do much defending as well when he did his record.
June 2, 1987: The Honky Tonk Man defeated Ricky Steamboat for the WWF Intercontinental title..
~~~Honky was a replacement for "The Natural" Butch Reed who was scheduled to win the gold..
November 26, 1987--Survivor Series: Honky Tonk Man man was on the losing team which lost to Randy Savage's team.
~~~Savage's Team = Randy Savage, Ricky Steamboat, Jake Roberts, Hacksaw Jim Duggan & Brutus Beefcake..
~~~Honky Tonk's Team = The Honky Tonk Man, King Harley Race, Hercules, Outlaw Ron Bass & Danny Davis..
~~~~~~~~~~~~~~~~~Randy Savage, Ricky Steamboat and Jake Roberts were the surviving members of their team..
February 5, 1988--Saturday Night's Main Event: Randy Savage defeated WWF IC champion Honky Tonk Man by Countout .
March 27, 1988--WrestleMania 4: Brutus Beefcake defeated IC champion Honky Tonk Man w/Jimmy Hart & Peggy Sue by DQ .
July 31, 1988--Wrestlefest: "Hacksaw" Jim Duggan defeated WWF Intercontinental champion Honky Tonk Man by DQ.
Summerslam 1988: The Ultimate Warrior defeated The Honky Tonk Man to win the Intercontinental title..
~~~This ended an unpresidented 14-month reign as champion for the HTM..
I think it's time for it to be broken and Cody would be a great choice to do so.