Anybody's cover of a Dylan song is better than Dylan's rendition. Fantastic songwriter...AWFUL singer.Jimi Hendrix's cover of "All Along the Watchtower" by Bob Dylan. Dylan's version sucks, IMO.
Dave Matthews does a great job with "Long Black Veil." Technically, it's a folk tune, but Johnny Cash popularized it slightly. This isn't the best video, and I've heard the band do a better rendition, but it's the best that YouTube had to offer.
[ame=http://www.youtube.com/watch?v=tA3RKUHhN5A]YouTube - Dave Matthews and Emmylou Harris- Long Black Veil[/ame]