No.2: Magnificent Gerrard bursts Hammers' bubble
Entering at number two in our countdown of memorable LFC turnarounds is the occasion people commonly refer to as the 'Gerrard final' from 2006.
With the Reds trailing 2-0 to West Ham United, Djibril Cisse reduced the deficit courtesy of a brilliant finish from a pinpoint Gerrard assist.
The skipper then smashed the ball home for 2-2 before future Red Paul Konchesky's cross looped over Pepe Reina and into the net.
It looked like Alan Pardew's Hammers were about to win the FA Cup, but fate smiled on Liverpool yet again at the Millennium Stadium.
As the clock struck 90 minutes, Gerrard produced a moment of sheer brilliance when he smashed an unstoppable effort beyond the reach of Shaka Hislop from 30 yards out.
The 'Gerrard final' was born and the Scouse maestro got his hands on the FA Cup as the Reds went on to win on penalties.