The 35th Grey Cup was played on November 29, 1947, before 18,885 fans at Varsity Stadium at Toronto.
This was the third year in a row that these two teams had met each other for the final game of the season.
Winnipeg had jumped out to a 9 to 0 lead but found the game tied in the last minute.
Blue Bomber's all-star Bob Sandberg, who had scored his team's only touchdown, tried to fake a kick, but the ruse didn't work.
Argo's star Joe Krol scored a final rouge to snatch the victory.