Watch the dying minutes in the video above.
The Bombers hit the front through Brent Stanton with just over two minutes to play, but the Magpies wouldn't be denied. Midfielder Jarryd Blair broke free to soccer the match winning goal with only 80-seconds left on the clock.
Watch the rest of the match highlights on CTV here.
The victory takes Collingwood to a 10-7 head-to-head lead since the traditional ANZAC Day match began. The one draw was played in 1995.
Collingwood 2.4 5.6 9.8 11.14 (80)
Essendon 1.3 3.6 7.8 11.13 (79)
Goals - Collingwood: Cloke 3, Swan 3, Blair 2, Sidebottom, Jolly, Beams
Best - Collingwood: Swan, Clarke, Pendlebury, Beams, Wellingham, Toovey
Nick Maxwell thanks the 86,932 fans who witnessed the victory.
