Waterloo Sunset

The most under rated pop song ever, in my mind, is Waterloo Sunset, by the kinks. The video shows them performing the studio version of the song -- it's not live. The real shame is that you can't get the studio version (probably due to money and copyright reasons) of the song on iTunes.

Here's the lyrics that are second to none.

From Wikipedia:

.....The record reached number 2 on the British charts in mid 1967. Davies considered the song a professional milestone, where he managed to blend the commercial demands of a hit single with his own highly personal style of narrative songwriting....