From: Hobart, Tasmania, Australia
1987 was an interesting tournament. Australia had been generally awful in 1985/6 after the retirement of Greg Chappell, Dennis Lillee and Rod Marsh; against strong opposition in the West Indies, England and New Zealand. The West Indies, who were still almost all powerful at the time, were favourites but the World Cup was played away from England for the first time (in India and Pakistan), which opened it up a bit.
The Australian team had been rebuilt under the steely leadership of Allan Border and included several young players like Steve Waugh and Craig McDermott who went on to have stellar careers. New coach Bob Simpson ruthlessly drilled them and they became the fittest and best fielding team in world cricket.
Australia's Group Stage performance included close wins by 1, 3 and 17 runs. This was crucial in seeing them finish second to India on run rate. They played Pakistan in a semi final in Pakistan (never easy) and won by 18 runs. Their opponents in the final were England, who had fairly comfortably beaten India in their semi by 35 runs.
In the final, played in front of 95,000 at Eden Gardens Kolkata, Australia batted first and posted a serviceable 5/253, aided by a quick-fire 45 from 31 balls by Mike Valetta. In reply, England seemed to be cruising at 2/135 when Mike Gatting was out playing an infamous reverse-sweep from Allan Border's bowling. After that, wickets fell regularly enough to drive the run-rate required higher and higher. Eventually England needed 17 from the last over and Australia won by 7 runs. It's still the closest World Cup final margin.
I was 16, a mad cricketer and cricket fan and after growing up with the successful Aussie team of the 70s and early 80s, two years with a bad national team seemed an interminable penance. I followed the tournament with growing hopes and growing trepidation but from memory only the final was televised in Australia. My best friend and I watched it on the edge of our seats. Good memories :)