That was his plan, yeah. He went to the WWE writers with it, and they (or Vince, or someone) poo-poo’ed the idea. He wanted to like come out to the ring as Cody, but have the evil Stardust persona fight for control during a match, and vice versa with Cody being the good guy fighting out of Stardust, and it would have been perfectly ridiculous.
The best part is that (as I recall) he said they thought it was too ridiculous, as if having a guy in facepaint and a body suit who claimed to be from like the Fifth Dimension and searching for the Cosmic Key was not ridiculous.

