It was a rematch of the two teams that competed in the 1979 Grand Final, which Carlton had won by just five points. Collingwood was searching for its first flag since winning the 1958 VFL Grand Final. They had appeared in three of the last four Grand Finals, losing them all. At the conclusion of the home and away season, Carlton had finished first on the VFL ladder with 17 wins and 5 losses. Collingwood had finished second, also with 17 wins, but with an inferior percentage. In the finals series leading up to the Grand Final, Collingwood was defeated by Geelong by 14 points in the Qualifying Final before defeating Fitzroy by 1 point in the First Semi-Final. They advanced to the Grand Final after beating Geelong by 7 points in the Preliminary Final. Carlton had a much easier finals run, defeating Geelong in the Second Semi-Final by 40 points to progress straight through to the Grand Final.
Match summary
Captained by Mike Fitzpatrick, Carlton scored the last six goals of the game to emerge victorious. At one stage late in the third quarter Collingwood led by 21 points after a burst of five unanswered goals, before Carlton scored two late goals to go into three quarter time just 9 points behind. Some infighting in the Collingwood huddle resulted in Carlton taking all the momentum into the last quarter. Ken Sheldon kicked the opening goal of the final quarter to get Carlton within four points and then Rod Ashman kicked one to put them in front. Collingwood laid down, scoring just two points in the quarter and goals from Mark Maclure and David McKay sealed the win for Carlton. The Norm Smith Medal was awarded to Carlton's Bruce Doull for being judged the best player afield. Collingwood captain Peter Moore famously threw away his runner-up medal after this game in a show of disgust. This was his fifth appearance in a Grand Final, all without success. This defeat gave Collingwood their third successive Grand Final loss and their fourth in five years. It was the final grand final loss of the infamous "Colliwobbles." They next appeared in a Grand Final nine years later, winning the 1990 AFL Grand Final. The win was Carlton's 13th premiership, drawing them level with Collingwood for the most premierships in VFL history—a record that Collingwood had held outright since 1929. The grand final was the final one played with the old MCG scoreboard. It was given to Manuka Oval in 1982 after the MCG installed a new colour video scoreboard. The old scoreboard still resides at Manuka Oval today. It was one of the last time the players swapped guernseys after the grand final
