Almost a year later, Gerrard brought Liverpool back from the brink of defeat against West Ham in the 2006 FA Cup final with a wonder-strike in the dying seconds of the match.
These are only a few of the memorable moments that Liverpool's Captain Fantastic has produced during his 15 year career on Merseyside, and in doing so has built himself an indisputable reputation with fans and players across the globe.
With that in mind, let's attempt to compare this Goliath of a footballer to other captains in the English Premier League.
Steven Gerrard vs. John Terry
The only other captain in the Premier League that comes remotely close to the longevity Gerrard has experienced with his club is Chelsea center back, John Terry.
Apart from a run in with the law after a nightclub brawl in late 2008, the Liverpool captain has steered clear of controversies and maintains a favorable reputation amongst the British press.
From a leadership standpoint, Gerrard has been able to put on a far superior display of character than his England teammate, Terry.
Gerrard puts his club in the news for purely footballing reasons, as opposed to Terry, whose antics not only threaten his personal reputation, but Chelsea's as well.
Steven Gerrard vs. Nemanja Vidic
During his seven-year spell with the Red Devils, Nemanja Vidic has been nothing short of a rock at the back.
Despite suffering recently from knee injuries, United's fans have not forgotten about the Serb's contributions to the club over the years.
While both Gerrard and Vidic have reached the status of cult hero at their respective clubs, there is one crucial aspect that differentiates the two.
Gerrard is a local lad who grew up as a diehard Liverpool fan. He joined the club as a youngster and has since seen the Reds progress through thick and thin.
Vidic began his footballing career at Serbian club, Red Star Belgrade, moved on to Spartak Moscow in 2004, and eventually found his home at Old Trafford a few years later.
The loyalty that Gerrard has shown to Liverpool is what separates a good captain from a great one.
Not only can he relate to fans' emotions on the pitch, but also, off the pitch, he has served the community that he has always considered his home.