No Way Out (2005) was the seventh annual WWE No Way Out pay-per-view event produced by World Wrestling Entertainment (WWE). It was presented by Subway and took place on February 20, 2005, in the Mellon Arena in Pittsburgh, Pennsylvania.
- WWE Heat - Hardcore Holly and Charlie Haas defeated Kenzo Suzuki and René Duprée (with Hiroko)
- Eddie Guerrero and Rey Mysterio defeated The Basham Brothers (Doug Basham and Danny Basham) (c) for the WWE Tag Team Championship
- Booker T defeated Heidenreich by disqualification
- Chavo Guerrero defeated Funaki (c), Paul London, Spike Dudley, Shannon Moore, and Akio - Cruiserweight Open elimination match for the WWE Cruiserweight Championship
- The Undertaker defeated Luther Reigns (with Mark Jindrak)
- John Cena defeated Kurt Angle for a WWE Championship match at WWE WrestleMania 21
- John Bradshaw Layfield (c) defeated Big Show via escape - Barbed wire steel cage match for the WWE Championship