So, if you stand in the ring and throw the Steel Ring steps over the top rope at someone on the outside, and manage to hit them on the head, the Ring Steps will bounce off them like a ping-pong ball and fly up into the air with Moon gravity all of a sudden.
I just tried this and what happened was that Mike Rocket tossed the Ring Steps at Zack Ryder outside of the ring. The steps hit him in the face and FLEW right back up and where it came from over the top rope BACK into the ring, and clocked Rocket in the face, and he fell back from the impact.
Honestly, it's not like this is something that a lot of people going to try doing in normal gameplay, but actually doing this is friggin' hilarious and very amusing. I hope they don't patch this because it's funny as hell. :D