In hybrid inflation, one scalar field is responsible for most of the energy density (thus determining the rate of expansion), while another is responsible for the slow roll (thus determining the period of inflation and its termination). Thus fluctuations in the former inflaton would not affect inflation termination, while fluctuations in the latter would not affect the rate of expansion. Therefore, hybrid inflation is not eternal. When the second (slow-rolling) inflaton reaches the bottom of its potential, it changes the location of the minimum of the first inflaton's potential, which leads to a fast roll of the inflaton down its potential, leading to termination of inflation.