The former Liverpool midfielder has been discussing the famous 4-3.
Newcastle were challenging Manchester United at the top of the Premier League and went from the ascendancy to sheer panic and back during a frantic encounter at Anfield.
Ultimately, however, the Reds came out on top - and Newcastle's nightmare shows what the Premier League is all about, according to Redknapp.
Indeed, he told Sky Sports: "Probably the greatest ever Premier League moment, the 4-3 against Newcastle.
"When I look back now, just seeing Kevin Keegan sprawled across the advertising hoardings. I think he was a beaten man after that.
"Incredible game. It had everything and in that last minute, I think it was Barnes to Rush, to Barnes, to Rush, to Collymore. I think it shows you what the Premier League is all about."
It's pretty pointless to consider now - but things would no doubt be so different for Newcastle to this day had Keegan pulled off his title stint.
Just like Liverpool's famous last-minute title-decider loss to Arsenal, the ramifications of Newcastle's defeat have been felt ever since. The Reds have never been the same since Michael Thomas's dramatic winner - so much so that spoiling title bids is as close as they have got to the trophy (except for the heartbreaking 2013-14 season).
The Magpies, meanwhile, can only dream of challenging at the right end of the top flight these days - although any recollections of that Liverpool match won't be good dreams. Relegation may have been worse but the St James' Park outfit bounced back the next season. The failed title bid, though, lives forever in the memory.
Over to you, Steve McClaren.