Arsenal manager Arsene Wenger said he was "annoyed" at a "very disappointing" 3-3 draw with Anderlecht.
The Gunners let a 3-0 lead slip to fall five points behind Champions League Group D leaders Borussia Dortmund with two games to play.
"We had a poor defensive performance from the first until the last minute. We never looked comfortable and we got punished," said Wenger.
"Annoyed? Yes. It is very disappointing. We were very poor."
Victory at the Emirates Stadium would have seen Arsenal qualify for the last 16 with two games to spare, but now they need a point from their final two games at home to Dortmund and away at Galatasaray.
And, with Dortmund unlikely to be caught, Wenger's men look set to be unseeded in the draw for the first knockout round, hampering their chances to reach the quarter-finals for the first time since 2010.
"For winning the group, you can say that's nearly impossible now," added Frenchman Wenger.
"In the Champions League you need to be at your best mentally and we weren't today. Maybe subconsciously we underestimated Anderlecht at 3-0."