Following a rain delay which lasted over an hour, the race restarted with Michael Waltrip back in front. The race remained under the green flag until lap 95, when Jeff Green and Jimmy Spencer collided entering turn 4, bringing out a third caution. Spencer ended up hitting the frontstretch retaining wall and coming to rest just past the start-finish line. Spencer had a very similar crash in the 2000 race. A caution came on lap 103 for debris, and then Ward Burton hit the turn 4 wall on lap 106, bringing out another. There were three yellow flag laps after Burton's crash, and the race was once red-flagged again due to more rain. Although it briefly looked as if the race would get back underway, the race was eventually called off due to the forecast of more rain and Michael Waltrip was declared as the winner. It was his third career Winston Cup win both overall and at Daytona, and his second career Daytona 500 win. Coincidentally, Waltrip's first three wins came in the first three Daytona races broadcast by Fox.