The 2001 No Way Out was the third No Way Out professional wrestling pay-per-view (PPV) event produced by the World Wrestling Federation (WWF, now WWE). It took place on February 25, 2001, at the Thomas & Mack Center in the Las Vegas suburb of Paradise, Nevada. The show is widely considered to be one of the greatest WWE pay-per-views of all time.

Seven professional wrestling matches were scheduled on the event's card, which featured a supercard, a scheduling of more than one main event. The first saw The Rock defeat Kurt Angle in a standard wrestling match to win the WWF Championship, despite interference by The Big Show. The other main event was a Two-out-of-three falls match, in which Triple H defeated Steve Austin two falls to one. The featured bout on the undercard was a Fatal Four Way match between defending WWF Intercontinental Champion Chris Jericho, Chris Benoit, Eddie Guerrero, and X-Pac, which Jericho won.