No, it is automatically saved at all times. Think of it like you are just picking up where you left off.
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Save the World - song - was created on 2011-05-13.
Personally I don't own the game but I assume that like 99.9% of modern games it has an auto-save feature meaning it saves after you complete an objective/mission or level.
You just put another superstar if you want to start with another wrestler
both of the girls save the world from extinction and disappear 4 ever
you cant it saves on its own when you get to the three knights and before the final boss.