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James then closed the period by pulling up and hitting a 19-footer in the final second.
James said Anthony, who was drafted two spots behind James in 2003, never missed a chance to remind him of his domination in their matchups.
"He finds a way to mention that every now and then," James said.
Cleveland shot 61 percent, Denver 60 as neither team played little defense.
There was no need for a 24-second shot clock in the first quarter as the teams combined for 69 points while playing at a dizzying pace reminiscent of the old ABA in the 1970s, when defense was nothing more than a rumor.
Billups scored 16 points on 6-of-7 shooting in the first quarter, and the Nuggets went 5-for-5 on 3-pointers and shot 74 percent (14-of-19) from the floor.
Notes: Cleveland's Ben Wallace had a season-high 11 points but sat out the fourth with a bruised left knee. ... James, who had scored exactly 41 points in each of Cleveland's past four games, became the first player to score at least 40 points three times in his team's first eight games since Michael Jordan in 1991. ... Karl has been thrilled with Billups. "Chauncey has been wonderful," Karl said. "He's fit in very well. I think things will improve even more as time goes and once we all adjust. We're moving the ball well and getting everyone involved."
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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