I think Bob Dylan is the archetype of the coverable artist: great songs that have a kind of raw quality to them, as if inviting someone else to put their spin on it. Jimi Hendrix took the opportunity and his version became way more famous than the original; Bryan Ferry and Cat Power made whole albums of Dylan covers. Here we have, from a great singer, a jazzy laid back version of a track from Dylan's best album (I don't want to budge even for an "arguably").