“That is right up there,” Gerrard said. “I am trying to think back of a performance – especially in the first half – that I can remember in the last 15 years.
“Maybe one or two in the Champions League got close but that was as explosive as it gets. That’s definitely in the top three performances I have been involved in.
“You are talking about a side that is top of the league with world-class players, ones who are worth £42million.
“Jack Wilshere, one of the country’s big hopes who we are looking to perform at a World Cup, and (Santi) Cazorla – a World Cup winner. We have absolutely demolished a top team there from start to finish.
“If you stand off Arsenal and give them too much respect, they will pass you to death. They beat us 2-0 last year when we showed them too much respect.
“Brendan is the type of manager that won’t just accept 4-0. He believes in 'death by football' and at half-time he wanted us to go out and kill them again in the second half.
“We never did that but that was impossible because of the amount of effort, tempo and work rate we put in for 45 minutes.
“It is impossible to do it for 90 minutes. The game was dead and buried at half-time.”
Liverpool's biggest win over Arsenal for half a century strengthened their grip on fourth place.
It also means they only trail new leaders Chelsea by six points with 13 games remaining.