The Basement Tapes was recorded in 1967, but not released until 1975, after The Band became popular and Dylan took on a commercial and critical resurgence. The simple, live in the studio feel of The Basement Tapes gives it that charm that The Band kept throughout their albums and this features some of Dylan's most enduring yet underrated songs.
One of the most emotional and beautiful songs Dylan ever wrote on this album is Goin' To Acapulco. It predates the Spanish-esque flavour of Desire's Romance In Durango but has the nonsense style lyrics Dylan still wrote in the post Blonde on Blonde period. The harmonies Dylan sing with Rick Danko and Richard Manuel in the chorus are just heavenly.
As a sidenote, I felt it was used to perfection in the great, unfortunately underrated film I'm Not There during the funeral scene in the Billy section of the movie. The Tex-mex/tejano/mariachi influenced Calexico did a really good job with it.