Wolves lost their unbeaten record in surprising fashion when Neil Shipperley pushed in a Wayne Gray after 76 minutes to sneak Wimbledon ahead for the third and final time.
He had started with a goal in the third minute ramming in a Joel McAnuff corner with his knee, but eleven minutes later the powerful Icelander Ivar Ingimarsson headed Wolves back in it with his first goal for the club from a corner by Lee Naylor.
Then on 55 minutes Gray restored the Dons lead from a McAnuff cross but Dean Sturridge, a roving menace, levelled the score again from Alex Rae's cross.
Shipperley's winner was a surprise to most of the 3,223 crowd of whom 2,391 had journeyed from the Midlands.
It was greeted with stunned silence from the sparse Wimbledon support as former supporters again stayed away in what may well be the Dons last two months at Selhurst Park before moving to Milton Keynes.
For Wolves, hoping this season to clinch a Premiership place that surprisingly eluded them last season, they must realise if it is to be a reality they will have to tighten a defence that has an unhealthy taste for nodding asleep at vital times.
Sometimes their work at the back was a little more than pathetic, even so in the experienced Sturridge together with Ingimarsson they had probably the two best players on the pitch, although Wimbledon's McAnuff again did well.
He has been the surprise package for the Dons this season