I'd nearly go as far to say that Malthouse guiding that ragtag bunch of the early 2000s to consecutive grand finals (and almost pinching one) was on par with actually winning the thing in 2010. Battling Melbourne's 2000 team as the worst 'on paper' grand final team in my lifetime and must be the worst back-to-back grand final team ever.
Played in both: Ben Johnson, Shane Wakelin, James Clement, Simon Prestigiacomo, Ryan Lonie, Shane O'Bree, Nathan Buckley, Leon Davis, Scott Burns, Josh Fraser, Chris Tarrant, Paul Licuria, Heath Scotland, Alan Didak
Played in 2002: Carl Steinfort, Anthony Rocca, Nick Davis, Rupert Betheras, Steven McKee, Glenn Freeborn, Tarkyn Lockyer, Jarrod Molloy
Played in 2003: Matthew Lokan, Richie Cole, Brodie Holland, Jason Cloke, Ben Kinnear, Tristen Walker, Shane Woewodin, Rhyce Shaw
Yikes...
And yet that 2002 team almost knocked over one of the best teams ever. You've got to respect that.