Wolves manager Kenny Jackett admitted his side were fortunate to escape with a point after missing a chance to go level with leaders Leyton Orient as Carlisle twice came from behind to earn a deserved 2-2 draw in a Brunton Park thriller.
Jackett blasted his team's second-half performance when they allowed Carlisle to come back into the game and almost snatch an unexpected win.
First-half goals from Bakary Sako and Leigh Griffiths, his 10th of the season, came either side of a Prince Buaben strike for Carlisle.
However, Wolves lost their lead early in the second half to a Liam Noble penalty and it was Carlisle who came close to inflicting only a second defeat of the season on their opponents and would have done so if Lewis Guy and Buaben had taken clear-cut chances.
Jackett said: "We did well to get a point and probably didn't deserve that. Carlisle were the better side, particularly in the second half. I'm disappointed with a really poor performance. We didn't show enough hunger, desire or running.
"We got our noses in front but in the second half we never showed and Carlisle wanted it more than us. It was a massive occasion for Carlisle and as the game went on we fell away. On balance they had more chances than we did so I'm pleased with a point.
"We never got going in that second half. I felt we could have done a lot more and we were fortunate to get a point."
Carlisle manager Graham Kavanagh was, by complete contrast, thrilled with his side's display after a run which had seen them lose three out of their previous four league games.
He said: "I'm extremely proud. After some difficult previous games I thought they were absolutely magnificent against a very, very good Wolves team who are flying at the moment.
"We matched them and probably could have won the game. To a man they did their jobs to the maximum.
"There was a lot of quality on show and both teams were going at it hammer and tongs. Both looked capable of scoring on the counter. Putting on a performance like that is special."
Wolves' eighth-minute opener was a classic of simplicity with Griffiths setting Sako clear with a clever pass.
Sako then drilled an accurate low shot into the bottom right-hand corner from the edge of the area.
Carlisle's determined efforts paid dividends in the 30th minute when Matt Robson cut inside to feed Buaben and the former Watford midfielder, on his first home start, curled a delightful right-foot shot into the top right-hand corner from 18 yards.
However, three minutes before the break Griffiths restored Wolves' lead with a far-post header from Scott Golbourne's cross from the left, the ball finally trickling over the line after striking both posts.
Carlisle drew level for the second time eight minutes into the second half when Noble sent Carl Ikeme the wrong way from the penalty spot after Lee Evans had bundled Buaben to the floor as he prepared to shoot from a position inside the area.