The former Colombia goalkeeper explained that watching children play football in the street inspired the acrobatic block against England, which he was planning for five years
Jamie Redknapp took a shot from distance, but, with the referee having already stopped play, the then-Atletico Nacional goalkeeper jumped in the air, and cleared the ball with his feet arched above his head.
And the 43-year-old has now revealed that he is not angry that the famous save is what he will be remembered for, having been inspired to perform the acrobatic kick by watching children playing football in the street.
"Human beings are always remembered for their great work, and that was what it was," he told Mundo Deportivo.
"Children have always been my inspiration. I always saw them in the street or in a park trying out bicycle kicks, and I told them it would be good to do it in reverse.
"And that day in England, I was given the ball that I had been waiting for five years!"
Higuita went on to say that he sees Iker Casillas as the best goalkeeper currently in world football, not just for his ability between the sticks, but also as a leader on the field.
"I would even say that [Casillas] is the best goalkeepers in history," he claimed. "Not only does he do well in goal, but he's also a great captain."
Higuita called time on his 25-year-long career two years ago, and is currently studying to become a coach - something that he has always wanted to.
"[Carrying on in football] is something I've always wanted to do," said Higuita.
"All athletes who play professional football have fun, and want to continue providing knowledge and keep having fun.
"I have the tactical, technical and physical knowledge, along with years of experience. God willing, some day I'll have the opportunity [to coach in Spain]."