Listened to Fall Out Boys cover of 'Beat it' a few times now. While its not got the magic of the original its a damn good effort in their own style.
What other covers are on par with the original if not better?

Wow! Good one. I'd forgotten about that.All Along the Watchtower - Jimi Hendrix.
Scissor Sisters - Comfortably Numb
No, no, no. It's a cover that should never have been released - Beat It was right first time and a remake can't improve on that so there was no point in even trying.
Yes! And very jealous
Renegades of Funk
OMFG, I'M SEEING THEM THIS WEEKEND.

Renegades of Funk
OMFG, I'M SEEING THEM THIS WEEKEND.

Almost makes me cry that. Such a fitting epitaphAgree with the Johnny Cash cover of Hurt as well.

All Along the Watchtower - Jimi Hendrix.
FOB's cover isnt a masterpiece