Aerosmith took their place among rock royalty on this night in 2001 at the 16th Annual Rock and Roll Hall of Fame Induction Ceremony at the Waldorf Astoria in New York City. Kid Rock welcomed "the greatest rock and roll band in American history" into the hall by declaring that, "Aerosmith are to rock and roll what Fonzie was to Happy Days." Picking up his statuette, bassist Tom Hamilton joked, "Mom, my promise still holds. When I finally get this out of my system, I'll go to college."
Steven Tyler thanked everyone from The Beatles, Stones, and Kinks to Nat King Cole, the Pretty Things, God, Louis Armstrong, and Clive Davis, he said, "I wonder if this'll put an end to 'Hey, aren't you Mick Jagger?'"
Then it was time to show how they earned their way into the hall, with a performance of "Sweet Emotion" that featured Kid Rock working the turntables and trading verses with Steven Tyler. Then they teased a verse of their current hit "Jaded" before jumping into their cover of the Johnny Burnette Trio's "Train Kept A-Rollin'."
Backstage Steven Tyler said, "This is totally overwhelming, to know that you've got a place next to Elvis Presley ... what's up with that?"