The Old Mixer wrote:

"All Along the Watchtower" by Jimi Hendrix.
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The definitive cover. After Hendrix' version, everyone does All Along The Watchtower like Hendrix did it, even Dylan.
Alidar Jarok wrote:

Well, so many covers suck (Satisfaction covered by Brittany Spears, for example) that, when a cover is great, people assume it has to be better than the original.
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Speaking of Britney, anybody ever heard "...Baby One More Time" by the Fountains of Wayne? It's really good.
My favorite cover is Gregg Allman's version of the Jackson Browne song, These Days. He plumbs depths from that song that Jackson has never explored.
Interestingly, the Fountains of Wayne also did a passible, solo guitar version of These Days.