Grant Hill threw a pass three-quarters of the length of the court to Christian Laettner, who faked right, dribbled once, turned, and hit a jumper as time expired for the 104–103 win.

It is ranked number one on the list of the greatest NCAA tournament games of all time compiled by USA Today in 2002.

They were favored to do so, losing only Greg Koubek and Clay Buckley to graduation and Billy McCaffrey and Crawford Palmer to transfers while retaining their core players including center Laettner, point guard Bobby Hurley and guard/forward Grant Hill and adding recruits Cherokee Parks and Erik Meek to its lineup.

Their unbeaten streak came to an end when they lost a close contest to archrival North Carolina at the Dean Smith Center by a score of 75–73.

Kentucky tied the game at 93 with 33.6 seconds left in regulation on a Feldhaus putback of a John Pelphrey miss.

Duke called a timeout and drew up the final play where Grant Hill would throw a long pass to Laettner at the opposing foul line.

They had practiced the play and run it once before in their earlier loss against Wake Forest, but Hill's pass was off target to the left and Laettner was unable to catch it inbounds.

[5] Krzyzewski and a number of the 1992 team members including Laettner and Grant Hill later retold and successfully reenacted the play in front of an audience at Duke's Legends Weekend in 1996 at Cameron Indoor Stadium in Durham.

As a result of the shot, Duke would go on to advance to their fifth straight Final Four and would go on to repeat as national champions under Head Coach Mike Krzyzewski.

Krzyzewski and the Blue Devils would become the first program since John Wooden and the UCLA Bruins to advance to five straight Final Fours in men's basketball.

[12] Despite the loss, the Kentucky Wildcats men's basketball team would go on to win the national championship 4 years later in 1996 with Pitino at the helm.