In a roller coaster of a season, he and partner Cheryl Burke had been at the top of the judges' leaderboard, landed somewhere in the middle along the way, but this week, they were at the bottom with 22 points for their Tango to "Don't Stop Believin'" by Journey.
They didn't get enough viewer votes to save them. Ralph Macchio survived.
"I think we're just as good as anybody in this competition and we could have gone all the way," Jericho said. "Next week, whoever goes home, it's going to be the same thing because everybody's so even.
"It's a dogfight to see who ends up at the top and who ends up at the bottom. It's so important now at this stage of the game to be your best every night."
Jericho says he turned down the show twice before finally agreeing to dance.
His partner taught him plenty, but he taught her something, too.
"This is my 11th season and he's definitely opened my eyes to where I really am appreciating where I am," Burke said. "I'm in a good place right now and even if I win or not win, it doesn't matter. This whole experience has changed my life and he's really opened my eyes and told me to really enjoy what you're doing."
Jericho can't predict who will go the distance but he does have an opinion on who he thinks should.
"I think that Hines (Ward) has never had a bad week and I think that Chelsea (Kane) has never had a bad week," Jericho said. "To me, those are the two that deserve to be in the top two."
"Next week, I promise you, anyone could go home. And at the end of the day, anyone can win. It is that close," judge Len Goodman said.
Tuesday's episode also featured a performance by New Kids on the Block and Backstreet Boys. The now-grown-up boy bands sang their new single, "Don't Turn Out the Lights," and their hits "Step By Step" and "I Want It That Way."