Both clubs were back in the grand final after recent unsuccessful attempts. Carlton had last played in the grand final in 1993, which it had lost against Essendon; Geelong was back after having lost the previous year's premiership decider. The Cats had finished runners-up in three of the past six grand finals, and were looking for its first flag since 1963. At the conclusion of the home and away season, Carlton had finished first on the AFL ladder with 20 wins and 2 losses, winning the McClelland Trophy. Geelong had finished second with 16 wins and 6 losses. In the lead-up to the grand final, Carlton defeated the Brisbane Bears by 13 points in the fourth qualifying final, thereby earning the week off, and subsequently defeated North Melbourne by 62 points in the second preliminary final. Geelong defeated Footscray by 82 points in the third qualifying final before defeating Richmond by 89 points in the first preliminary final. This grand final was billed as having the potential to be the best in years, with Carlton and Geelong finishing first and second on the ladder respectively and both in really good form. Geelong looked like it had its best chance of winning a premiership since claiming the 1963 flag, after crushing Footscray and Richmond in the previous two weeks of the finals. Carlton, on the other hand, were the standout team of 1995 - the first team ever to win 20 home and away matches.
Match summary
There had been strong pre-game build-up expecting a tight contest; and when the markets opened, Geelong was a slight 8/11 favourite with bookmakers, before Carlton had edged into 8/11 favouritism by the opening bounce. The game itself, however, was a very one-sided affair. Played on a wet and blustery day, the Blues were dominant in all areas of the game. Carlton kicked the first four goals of the game, including three goals in four minutes between the 12th minute and the 16th minute. Geelong kicked two goals in time on of the first quarter to trail by only 13 points at quarter time, but had been thoroughly outplayed and was considered lucky to be so close. Carlton continued to dominate the second quarter, kicking six goals to one such that the game was effectively over by half time, Carlton leading by 40 points. Carlton's Earl Spalding also produced one of the more memorable moments of the game early in the second quarter, when he applied a smother on a Peter Riccardi kick, picked up the ball, and set up a goal for himself. A brawl involving most players erupted after the half-time siren following a clash between Ang Christou and Billy Brownless; at the tribunal later in October, Carlton was fined $25,000, Geelong was fined $30,000 and Barry Stoneham was fined $5,000 for the melee. The game was no different in the second half. Carlton kicked five of the first six goals of the third quarter to extend the lead to twelve goals before two goals in time-on brought the margin back to 59 points at three quarter time, and key Geelong playmaker Peter Riccardi tore his hamstring early in the third term. By time-on in the final quarter, Carlton had extended the margin to a game-high 84 points, before late goals brought the final margin back to 61 points. It was the second successive year that Geelong had been blown out in the grand final, after losing to West Coast the previous year by 80 points. The Norm Smith Medal was won by Greg Williams, who starred as an attacking midfielder. He kicked five goals, including three in the third quarter, and assisted on another three; and he finished the game with 31 disposals, including ten in the opening quarter. Carlton full back Stephen Silvagni also attracted high praise for keeping champion Geelong full forward Gary Ablett, Sr. goalless, the first time Ablett had been kept goalless in a game since 1992. Other dominant players for Carlton included Justin Madden, who won the ruck battle comfortably, as well as Brett Ratten, Anthony Koutoufides, Stephen Kernahan and Craig Bradley. In the post-match ceremony when Carlton players were being awarded their victory medallions, Peter Dean attempted to jump over the railing of the victory dais in celebration, but tripped and fell off it. He was not injured.
