I have found the most underrated Bob Dylan album. It is New Morning. Everybody always talks about Freewheelin', Highway 61, Blonde on Blonde, Blood on the Tracks, and to a lesser degree Bringing It All Back Home (possibly the second most underrated Bob Dylan album), John Wesley Harding, Nashville Skyline, Desire, and the new stuff (Time Out of Mind and Love & Theft). But nobody breathes a word about New Morning, a delightful little album I've fallen completely in love with. It's not just "The Man in Me", which was used wonderfully throughout the tale of "the laziest man in Los Ang-guh-les County", The Big Lebowski. The whole album is a wonderful blend of songs touching on a variety of styles. They all come together perfectly. I wouldn't say the album packs the same punch as Freewheelin' or Highway 61, but it's an enjoyable listen in a way that some of his more powerful releases are not. I'd suggest you give New Morning a spin.