re: 10 most depressing losses in CFB history

Here are some honorable mentions. I may add more as they come to mind. These programs have recent titles to ease the pain, but the losses were unbearable for their fans at the time:

Ohio State 24 vs. Michigan State (1998)
Ohio State is a blue blood, but they hadn't won a title in 30 years at this point. John Cooper had many great teams that fell short throughout the 90s, but this was his best one. The wire-to-wire #1, Ohio State was favored by 28 against a 4-4 Michigan State team. They got out to a 24-9 lead, but momentum shifted once a shanked punt by Michigan State hit Nate Clements in the back and the Spartans recovered. Ohio State completely unraveled after that, their last-minute drive to salvage the game ending in an interception. It was so bad it made Neutron Man cry.

Georgia 28 vs. Alabama 32 (2012/SEC Championship Game)
Basically the real national championship game that year as Georgia would've crushed Notre Dame just like Alabama did. This art sums it up. Georgia was up 21-10, but Alabama came back to take a 32-28 lead. Aaron Murray led Georgia on a last-minute drive. It seemed like Georgia would get a last-second TD, but Chris Conley caught a tipped pass inbounds and the clock ran out. This was Mark Richt's best chance at a national championship.