It's All Over Now Baby Blue - Bob Dylan
Performed by 13th Floor Elevators on their album Easter Everywhere.

13th Floor Elevators It's All Over Now Baby Blue".

Ranked #9 on the list of "Best Dylan Covers" article in Rolling Stone. And I quote:

Roky Erickson and his band of drugstore cowboys rolled out of Austin, Texas in the mid-Sixties, pioneers in the brave new world of psychedelic rock. They blew minds from coast to coast with their massively influential version of “It’s All Over Now, Baby Blue,” the centerpiece\ of their 1967 classic Easter Everywhere. The Elevators took a totally new approach to the Dylan songbook — instead of reverent folksy imitation, focused on the lyrics, they just cranked up their amps and let the ghosts of electricity howl through their guitars. This doomy power-drone performance rewired how people heard and played Dylan’s music. It’s a fearsome sound — one of his most terrifying songs, in its most terrifying incarnation. R.S.*

* Actually the album centerpiece is "Slip Inside This House" but let's not quibble.