Песня с альбома «Highway 61 Revisited». В списке 500 величайших песен по версии журнала «Rolling Stone», составленном в 2004 году, композиция заняла первое место.
Впервые песня вышла как сингл 20 июля 1965 года. Ей удалось продержаться в американском чарте три месяца и достичь второй строчки (после сингла «Help!» группы «The Beatles»). Первое живое исполнение «Like a Rolling Stone» состоялось на фолк-фестивале в Ньюпорте.

Once upon a time you're dressed so fine
You threw the bums a dime in your prime,
didn't you?
People'd call, say, "Beware doll, you're
bound to fall"
You thought they were all kiddin' you
You used to laugh about
Everybody that was hangin' out
Now you don't talk so loud

Now you don't seem so proud
About having to be scrounging for your
next meal.

How does it feel
To be without a home
Like [bad word] unknown
Like a rolling stone?

You've gone to the finest school all right,
Miss Lonely
But you know you only used to get
juiced in it
And nobody has ever taught you how to live
on the street
And now you find out you're gonna have
to get used to it
You said you'd [bad word] 
With the mystery tramp, but now you
realize
He's not selling any alibis
As you stare into the vacuum of his eyes
And ask him do you want to make a deal?

How does it feel
To be on your own
With no direction home
Like [bad word] unknown
Like a rolling stone?

You never turned around to see the frowns
on the jugglers and the clowns
When they [bad word] down and did tricks
for you
You never understood that it ain't no good

You shouldn't let other people get your
kicks for you
You used to ride on the chrome horse with
your diplomat
Who carried on his shoulder a Siamese cat

Ain't it hard when you discover that
He really wasn't where it's at
After he took from you everything he could
steal.

How does it feel
To be on your own
With no direction home
Like [bad word] unknown
Like a rolling stone?

Princess on the steeple and all the pretty
people
They're drinkin', thinkin' that they got it
made
Exchanging all kinds of precious gifts and
things
But you'd better lift your diamond ring,
you'd better pawn it babe
You used to be so amused
At Napoleon in rags and the language that
he used
Go to him now, he calls you, you can't
refuse
When you got nothing, you got nothing to
lose
You're invisible now, you got no secrets to
conceal.

How does it feel
To be on your own
With no direction home
Like [bad word] unknown
Like a rolling stone?