In a wild finish, Jones got the last laugh.
Jones' 5-yard touchdown pass to Kenny Stills with 24 seconds left lifted Oklahoma (No. 12 BCS, No. 13 AP) to a 50-49 win over West Virginia on Saturday night.
Jones finished with 554 yards passing to break his own school record. His six TD passes tied another mark he holds. He needed a terrific game to offset the performances of Austin and Bailey.
Austin rushed for a school-record 344 yards and set a Big 12 record with 572 all-purpose yards. Bailey had 13 catches for 205 yards and four touchdowns.
"I'm incredibly proud of the team for holding it together as they did and to come back," said Oklahoma coach Bob Stoops. "Landry Jones, to lead those drives at the end of the game, such great precision and execution throwing strikes. (The) receivers made tough competitive catches and all of it together was really pleasing to come back and win away from home."
Oklahoma (8-2, 6-1 Big 12) had its conference title chances revived with Kansas State's 52-24 loss to Baylor.
"It proves in this league, you can get beat by anybody on any given day, and every team in this league has the capability of beating you if you don't come out to play," Jones said.
The Wildcats (10-1, 7-1) beat the Sooners earlier this season and can still clinch the league's automatic Bowl Championship Series berth with a win on Dec. 1 against Texas or with another Oklahoma loss.
Oklahoma has games left against Oklahoma State next Saturday and at TCU on Dec. 1. Any loss also would eliminate the Sooners from consideration for an at-large BCS bowl berth.
Oklahoma improved to 4-0 in road games this season. The Sooners also beat Texas at the Cotton Bowl in Dallas.
It marked the first time in 16 tries that Oklahoma overcame a fourth-quarter deficit to win dating to 2007. The win moved Stoops within 10 of Barry Switzer's school record of 157.
"They ended up making one more play than we did," West Virginia coach Dana Holgorsen said.
West Virginia (5-5, 2-5) lost its fifth straight game. After starting the season 5-0, the Mountaineers are still searching for an elusive sixth one to become bowl eligible.
The losing streak is the Mountaineers' worst since they lost six straight in 1986. It also was West Virginia's third loss at home this season. The last time that occurred was 2001.
The teams combined for 1,440 yards. The 778 yards surrendered by Oklahoma were the most in school history, surpassing the 616 yards allowed in a loss to Baylor last year.
West Virginia has failed to reach 100 yards rushing in its previous three games, so Holgorsen stuck Austin, a wide receiver, in the backfield.
"They just finally gave me the chance and I just took advantage of it," Austin said.
Austin broke the rushing mark of 337 yards set by Kay-Jay Harris against East Carolina in 2004. He also topped the Big 12 all-purpose yards mark of 375 set by Hollis Mitchell of Texas in 2000 against Kansas and the school record of 356 set by Garrett Ford against Pittsburgh in 1965.
Stoops called Austin's performance one of the best he's seen in the Big 12.
"He's right up there with anybody," Stoops said.
Geno Smith went 20 of 35 for 320 yards and four scores for the Mountaineers. He became the first quarterback to surpass 300 yards against the Sooners this season.
Oklahoma couldn't hang onto a 31-17 halftime lead. The teams combined for 31 points in the fourth quarter, including four touchdowns over the final seven minutes.
Austin's 54-yard run, plus a pair of Oklahoma penalties on the play, gave West Virginia the ball at the Oklahoma 8. Smith then lofted a ball that Bailey caught in the left corner of the end zone, and the Mountaineers had their first lead at 43-38 with 7:12 left.
Stills finished with 10 catches for 91 yards and four scores. His 7-yard TD grab with 4:10 left gave the lead back to the Sooners, only to have Bailey cap a three-play, 92-yard drive with a 40-yard TD grab with 2:53 left, his third of the quarter.
That was plenty of time for the Sooners, who took over at their 46 after Brennan Clay's long kickoff return.
Jones hit Justin Brown with a 36-yard pass. A 10-yarder to Brown put the ball at the West Virginia 14. On fourth-and-3 at the 5, Jones changed the play at the line and found Stills on a slant for the go-ahead score.
"Landry audibled out to for the touchdown and Kenny ran a great route," Stoops said. "He fought his way to the inside position and those are tough catches."
Smith's desperation pass as time ran out fell incomplete just short of the end zone.