Bruce Springsteen is well known for being a devoted Elvis Presley fan. In the 1970's before Elvis left, Bruce climbed over the wall at Graceland in an attempt to meet Elvis. However, Elvis was not at home so he missed meeting him.
In this small excerpt from a 2000 concert, Bruce wiped the sweat from his face and tossed the item with which he wiped into the audience. After so doing, he jokingly said "Elvis is alive".