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The song is ranked No. 142 on the Rolling Stone magazine's list of The 500 Greatest Songs of All Time.
By far the best-known version was recorded by The Everly Brothers and released as a single in April 1958. It had been recorded by The Everly Brothers live in just two takes on March 6, 1958, and features Chet Atkins on guitar. It was the only single ever to be at No. 1 on all of Billboard's singles charts simultaneously, on June 2, 1958. The song has also featured on several notable lists of the best songs or singles of all time, including Q's 1001 best songs ever in 2003. It was named one of the "500 Songs that Shaped Rock and Roll" by the Rock and Roll Hall of Fame and received the Grammy Hall of Fame Award in 2004. (Wikipedia)