The 2011 Elimination Chamber (known as No Way Out in Germany) was the second Elimination Chamber professional wrestling pay-per-view (PPV) event produced by World Wrestling Entertainment (WWE). It was held for wrestlers from the promotion's Raw and SmackDown brand divisions. The event took place on February 20, 2011, at the Oracle Arena in Oakland, California. This was the last Elimination Chamber held under the first brand extension, which ended in August, but was reinstated in July 2016.

The concept of the event was that the two main event matches occurred in the Elimination Chamber. The main event was Raw's Elimination Chamber match, in which John Cena defeated CM Punk, John Morrison, R-Truth, Randy Orton, and Sheamus to become the number one contender for the WWE Championship at WrestleMania XXVII. In SmackDown's Elimination Chamber match, Edge retained the World Heavyweight Championship against Big Show, Drew McIntyre, Kane, Rey Mysterio, and Wade Barrett. On the undercard, The Corre (Justin Gabriel and Heath Slater) defeated Santino Marella and Vladimir Kozlov to win the WWE Tag Team Championship, and The Miz retained the WWE Championship against Jerry Lawler.

The event received 212,000 buys, lower than the 287,000 buys that the previous year's event received.