Here are three Dylan songs with big literary value:
* "Lily, Rosemary and the Jack of Hearts": an amazing example of musical story-telling
* "The Ballad of a Thin Man": Some of the most post-modern lyrics ever put to music...
* "Like a Rolling Stone": One of the most influential songs of all time
https://en.wikipedia.org/wiki/Hurricane_(Bob_Dylan_song)
Here's a great video on 'All Along The Watchtower'. I'm rewatching this today to celebrate!
May you grow up to be righteous
May you grow up to be true
May you always know the truth
And see the lights surrounding you
May you always be courageous
Stand upright and be strong
May you stay forever young
May you stay forever young.
"He not busy being born is busy dying" must be one of greatest lines ever.
At the other end of spectrum is 'Changing of the Guards' in which Bob Dylan seems to be intentionally parodying his own songwriting (still an enjoyable song though).
This song and 'Tangled Up In Blue' and 'Hurricane' are practically novellas in song form. I think the 'long form storyteller' Dylan is often the least acknowledged, but probably my favorite Dylan song format.