Davis threw for 376 yards and two touchdowns for the Pirates (4-2), who survived a thrilling finish with their instate rival in front of a sellout and record home crowd. East Carolina ran out to a 21-0 first-quarter lead only to see the Wolfpack rally to take the lead late in the fourth quarter on a field goal from Josh Czajkowski before staging its own comeback.
Michael Barbour's field goal with 1:04 left sent the game into overtime, where Davis put the Pirates ahead for good by bouncing off a pile of tacklers on a sneak and falling across the goal line.
The Wolfpack (5-2) couldn't answer, with Wilson forcing a pass over the middle to Jarvis Williams that Magazu grabbed at the goal line.
Almost immediately, the East Carolina sideline spilled onto the field to celebrate in front of the roaring home crowd in the newly finished end zone section of Dowdy-Ficklen Stadium.
It was quite a finish for the Pirates considering the game appeared to be slipping away only moments earlier. East Carolina committed countless mistakes, from 10 penalties to a pair of costly fumbles that both set up a touchdown for the Wolfpack and ended another drive just as the Pirates were crossing the goal line.
And yet, the Pirates figured out a way to beat N.C. State, a team that had won seven of 10 matchups with the state's four other Bowl Subdivision opponents under coach Tom O'Brien. That included two meetings with the Pirates.
Lance Lewis and Justin Jones had touchdown catches for the Pirates, while Jon Williams had a 5-yard TD run to cap East Carolina's first possession. The Pirates finished with 496 total yards, while their struggling defense hung in against Wilson and the Wolfpack's strong passing game.
Wilson threw for 322 yards and one touchdown to go with a rushing score, but he threw three interceptions and was charged with a fumble on a botched handoff with Mustafa Greene late in the first half.
Daryl Gross, who spent a decade as Syracuse's athletic director, will start as Division II Cal State-Los Angeles' AD in July.
Freshman DB Chad Clay didn't last long with the Georgia football team, as the Bulldogs dismissed him following a second arrest in the past four months.
Brenda Tracy, who allegedly was sexually assaulted by four men, including two Oregon State players, in 1998 spoke Wednesday to the Nebraska football team.
A man who claims he told Penn State football coach Joe Paterno in 1976 that he was sexually abused as a teen by Jerry Sandusky asked a judge Wednesday to protect his identity and limit questions.
FOX Sports' Bruce Feldman joins The Paul Finebaum Show to share his thoughts on the upcoming National Championship race.
Urban Meyer, Thad Matta and Ohio State athletic director Gene Smith were among the crowd at the parade for the Cleveland Cavliers on Wednesday.