Here's my top five:
1. All Along the Watchtower. This is one of Jimi Hendrix's best songs and it was originally Dylan's. Dylan's version is actually only the third best as Dave Matthews Band also performed a far better rendition.
2. Knocking on Heaven's Door. Whether you're thinking of Eric Clapton's or Guns N Roses' version, I'm sure you're not thinking of Dylan's.
It's interesting that arguably three of the best guitarists of all-time(Hendrix, Clapton and GnR's Slash) all were involved with some of Dylan's best covers.
3. Forever Young. I'm probably dating myself with this one, but I thought that this was Rod Stewart's best song. Come to find out, it's Dylan's. Or was it? This one is actually a bit marred in controversy as Ol' Rod tried passing it off as his own. Eventually(probably when the two songs were compared), he gave in and shared his royalties with Dylan. The Dylan version was also performed by Joan Baez, as well as Patti Labelle at Live Aid.
Compare the two for yourself:
4. When I Paint My Masterpiece. Bob Dylan's own band did it better. Yes the Band. And another song I didn't know was originally Dylan's but makes sense.
5. Tangled Up in Blue. Again probably dating myself but I thought this was the Indigo Girls' own song. I don't think it was until college that I realized there was another version. They actually stayed pretty close to the original here.
Sorry for the lousy version of this song but it's cool it was recorded in Concord:)
To contrast that cover's similarity with the original, look at Rage Against the Machine's version of Maggie's farm for how disparate some covers can be from the original.
What do you think? Did I miss any other good ones? I am sure I did, but you don't know what you don't know:)
Until Next Time,