Stewart Downing had already sliced his way through Everton's left-hand flank before Ashley Young's pass allowed Luke Young to fire in a dangerous cross from the opposite side, but fortunately for the home side there was no-one on hand to apply the killer touch.
The former Manchester City striker took a Crosas pass and drove down the right flank, leaving centre-back Frazer Wright trailing in his wake before cutting in to the box and drilling the ball past Combe.
Wolves were stunned and things soon got worse when Davies slid an astute pass through to Lee on the right flank and his cut back found Scottish-born American Holden who drilled a sweetly struck drive from 15 yards into the corner, his first Premier League strike.