With 3:19 to go, Indiana led 64-53 after Jeremy Hollowell made a free throw. The game was pretty much over at that point. But D.J. Newbill cut it to eight on a 3-pointer with 2:25 to go, which came off a turnover from Noah Vonleh.
Evan Gordon got the the foul line on the next possession, and made one of two to put IU up 65-56 with 2:09. Tim Frazier made it 65-58 with two free throws for Penn State. Indiana then turned it over again, which led to a 3-pointer by Brandon Taylor.
This is where it got really interesting. The Penn State bench erupted, the rest of Assembly Hall was completely quiet, and the pressure was completely on the Hoosiers. That made it 65-61 with 1:59 to go.
Indiana chose to take some time off the clock on the next possession, but Gordon ultimately missed a 3 and Penn State responded with a Taylor jumper to make it a two-point game at 65-63 with 1:07 to go.
Gordon turned the ball over on Indiana's next possession, but then John Johnson was called for a charging foul on Austin Etherington with 16 seconds to go. Indiana called a timeout, but then turned it over on the inbounds pass. Sheehey fouled Ross Travis with 14 seconds, and he made 1-of-2 to make it 65-64.
Vonleh then turned it over on the next inbounds pass, and Penn State called a timeout with 12 seconds to go. Frazier got past Yogi Ferrell for a layup with six seconds left to give Penn State a 66-65 lead.
Ferrell shot a desperation shot as time expired and missed. IU had done the unfathomable and blown the lead.
During that stretch over the last 3:19, Indiana turned the ball over five times and scored only ONE point. The Hoosiers didn't have a field goal for the last five-plus minutes and made only 2-of-12 shots after a 19-of-29 start.