That initial spurt of pressure saw Liverpool winacorner with Maxi Rodriguez heading the ball to Torres, but the Spanish striker's volley struck the post.
The Reds were almost caught unawares when Burak Yilmaz stole in to winacorner to the near post but he could not get the direction to his header as the ball went harmlessly across the area.
It meant penalties would be needed and after Baines and Anelka had both missed, Cole blazed into the stands and Everton captain Neville place his kick into the top corner to seal a famous win.