I think that Round Here by the Counting Crows maybe the perfect song. I wouldn't exactly call it my favorite, but I think it's perfect...lyrically and musically and it doesn't seem to matter how Adam Duritz and the Crows revamp it...I am still in love. I love the acousticy and live version I have on my music player right now.
The most interesting part of the song is that I bought the album when it came out in 1994. That is over a decade ago. I was 14. And from the ages of 14-28 I have related to the song in different lines and riffs.
Frankly I think Adam nailed it.