Fifty years ago, Muhammad Ali and Joe Frazier delivered one of the greatest fights boxing has ever seen. They went 14 rounds, trading bludgeonings for nearly 45 minutes before Ali emerged victorious.

As he taunted Joe Frazier, former heavyweight champion of the world, Muhammad Ali, current champ, pointed at the custom black T-shirts he and his entourage sported as they crashed the Aug. 26, 1975, ...