Newcastle finished with the NRL's wooden spoon on Saturday after being shut out in the second half of their 30-12 defeat to Penrith.
The Knights led 12-8 at halftime but, led by Dean Whare and Tyrone Peachey, the Panthers crossed for four tries to none in a dominant second-half performance.
Despite missing 10 regular first-graders, the Panthers staved off a last-place finish with a hearty effort in front of a vocal crowd of 8936 at Pepper Stadium, temporarily lifting themselves to 11th spot on the ladder.
For the Knights, the spoon summed up a disappointing year that included the sacking of coach Rick Stone in July.
Departing Knights skipper Kurt Gidley couldn't even bring himself to talk about being lumped with league's most-unwanted prize at the end of a decorated NRL career.