 Presley and Colonel Tom Parker did not make a deal on a Ferris wheel. After Colonel Tom Parker discovers Presley's talent and ability to make the ladies all shook up, he eventually hunts the performer down at a carnival. The two take it right on the Ferris wheel, where Parker assures Presley of his talent and offers to represent him. While this made for an exciting scene in the film, the actual story of Parker becoming Presley's manager was a long and drawn out process. While Bob Neal remained Presley's manager during the Hank Snow Tour, it was in 1955 that Parker became Presley's special advisor and didn't become his official manager until a year later. This is according to Parker's Wikipedia. Among the huge number of items of Elvis's merchandise that the Colonel made and sold, did he sell I Hate Elvis buttons? Yes, because Parker wanted to make sure he and Elvis made money anytime anybody bought something with Elvis's name on it. There were periods, according to Girlnick, when the Hate button sold nearly as well as the I Love Elvis ones.