The 1993 Daytona 500, the 35th running of the event, was held February 14 at Daytona International Speedway in Daytona Beach, Florida as the first race of the 1993 NASCAR Winston Cup season. Dale Jarrett won the race.

Dale Earnhardt was the leader on Lap 130 when Wally Dallenbach Jr. brushed the Turn 4 wall. Sterling Marlin and Michael Waltrip were lined up behind him, and when Marlin backed off, Waltrip tagged him and sent him into a spin. Marlin caught air as he spun by Joe Ruttman, who was coming to pit road to retire with engine failure. 5 laps after the restart, Rick Wilson and Bobby Hamilton collided on the backstretch. Approaching 50 laps to go, 1991 Daytona 500 winner Ernie Irvan was turned into the wall exiting Turn 2, eliminating a possible winner. The first major wreck happened when Dale Earnhardt touched 1992 Indianapolis 500 winner Al Unser Jr. (competing in his only Winston Cup Series race). His #46 Chevrolet crashed into the 90 of Bobby Hillin Jr., who spun into the path of polesitter Kyle Petty. Both had a heated verbal exchange, Hillin reportedly was telling Petty he had no brakes, but both were victims of circumstances. With 31 laps to go, Derrike Cope and Waltrip touched in Turn 2. Waltrip spun down into 1989 Winston Cup Champion Rusty Wallace and sent him into a horrific series of barrel rolls in the grass. A little more than minute later, Ken Squier reported that Wallace came on the radio to crew chief Buddy Parrott and said, "I'm okay."

By this time, Hut Stricklin and Sterling Marlin presented themselves as contenders. Earnhardt led from the restart, only to be passed briefly by Dale Jarrett. The #3 was soon in the lead again, as he was pursued by the Chevrolets of Jarrett and Jeff Gordon, and the Fords of 1986 Daytona 500 winner Geoff Bodine, Hut Stricklin, Mark Martin, and Morgan Shepherd. The "Dale and Dale Show" commenced as Jarrett passed Earnhardt in the tri-oval as they took the white flag. As the leaders exited Turn 2, the CBS Sports producers told Ken Squier and Neil Bonnett through their headsets to let Ned Jarrett to "call his son Dale home". In response, Jarrett called the finish thus:

"Come on, Dale! Go, buddy, go! All right, come on! I know he's got it to the floorboard; he can't do anymore! Come on! Take 'er to the inside! Don't let 'em get on the inside of you comin' around this turn! Here he comes, Earnhardt; it's the "Dale and Dale Show" as we come off Turn 4! You know who I'm pulling for, it's Dale Jarrett. Bring her to the inside, Dale! Don't let him get down there! He's gonna make it! Dale Jarrett's gonna win the Daytona 500!!!"

The next weekend at Rockingham, Ned reportedly apologized to Earnhardt for his obvious show of bias, to which an understanding Earnhardt replied, "I'm a daddy too."