In 1999, "Only the Lonely" was honored with a Grammy Hall of Fame Award. In 2004, Rolling Stone ranked it No. 232 on their list of The 500 Greatest Songs of All Time.
In 2005, the 1957 recording was placed in the National Recording Registry, a list of sound recordings that "are culturally, historically, or aesthetically important, and/or inform or reflect life in the United States."
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