Benitez, 56, returned to Anfield this afternoon to lead his new side Newcastle against his former club Liverpool, where he managed for six years between 2004 and 2010.
Just 70 seconds into the game though, Liverpool were 1-0 up as Daniel Sturridge found the net, and Adam Lallana added a second to seemingly put Newcastle away before half-timee.
However, Newcastle are beginning to show signs of fight and resiliency under Benitez, and they rallied in the second half to claim a 2-2 draw, with Papiss Cisse and Jack Colback finding the net.
The result means that Newcastle are now just one point from survival, and the fact that the Magpies improved so much after half-time at Anfield has given fans renewed hope that the club can pull away from the drop.
After the final whistle, manager Benitez spoke to the press, and was asked what he said to his players at half-time to provoke such a remarkable response.
As quoted by the Belfast Telegraph, Benitez says he told his players that they had nothing to lose, and he was delighted with the reaction from his players - but didn't want to compare the comeback to Liverpool's 2005 Champions League fight back against AC Milan in 2005.
"We knew the first half was not the best and we needed to react so I told them similar to what I said in the past: 'Nothing to lose'. We had to fight and show more character and I think the players had a fantastic reaction," said Benitez. "Liverpool were playing well and it was difficult to stop them."
"But this was different (to Istanbul). That was a final, one game, and now it is a race in which we have to keep going. Hopefully it will be the same and I will be really pleased. I am pleased with the point against a very good team and hopefully they (Liverpool) can do well in the Europa League. We have to do our job and see what happens with the other games but at least we showed character and the belief is still there, which is crucial for us," he added.
What did you think of Newcastle's performance against Liverpool?