So in another forum I saw reference to the 1994 Orange Bowl between Nebraka & Florida State. In this game, Nebraska was down two and needed a field goal to win. With :08 left (sound familiar), Tommy Frazier completed a pass down field to put them in field goal range. The receiver went down with :02 left, yet the clock ran down to :00. FSU celebrated, even dumping Bobby Bowden with a gatorade shower. The refs got together and correctly reset the clock to :02 - which they do anytime it matters. Nebraska promptly missed the field goal.
Here's video evidence - from the 6:40 mark until 7:00 and then shows the missed field goal towards the end.
Now, this should conclude any further discussion. People really need to study history in this country. Things happened before Al Gore invented the interwebs. How many Nebraska fans went nuts in 1994 when the clock erroneously ran out?