My favorite versions of this song are the ones that Brian Eno did on Discrete Music.
The second half of the album is three pieces collectively titled "Three Variations on the Canon in D Major by Johann Pachelbel". These pieces were performed by The Cockpit Ensemble, conducted and co-arranged by Gavin Bryars. The members of the ensemble were each given brief excerpts from the score, which were repeated several times, along with instructions to gradually alter the tempo and other elements of the composition. The titles of these pieces were derived from inaccurate French-to-English translations of the liner notes of a version of Pachelbel’s Canon performed by the orchestra of Jean Francois Pillard. In "Fullness of Wind" the tempo decreases relative to the pitch of the instrument. The violins have the fastest rate of decay while the basses have the slowest. This piece features effects and processing by Brian Eno. In "French Catalogues" notes and melodies of similar tempos are gathered into blocks from different parts of the score. In "Brutal Ardour" each performer plays a sequence of notes of a different duration, so the original composition eventually breaks down into chaos.