However, the song continues:
While the Stevens, Arnold and Hampshire recordings sang this chorus intact, the Stewart and Crow renditions omitted the last two lines, an omission which might give the listener a different sense of the song.
Stevens made a demo recording of "The First Cut Is the Deepest" earlier as part of the process of promoting his songs to other artists, but did not record it as his own performance until early October 1967, and it did not appear until his second album, New Masters, was released in December 1967. He sold the song for £30 to P.P. Arnold becoming a huge hit for her, and an international hit, for Keith Hampshire, Rod Stewart, Linda Ronstadt, James Morrison, and Sheryl Crow, and has won several song-writing awards, including two ASCAP songwriting awards- one being "Songwriter of the Year in 2006.
African-American expatriate singer P.P. Arnold, popular in the United Kingdom, had the first hit with the song, reaching number 18 on the UK Singles Chart with her cover in May 1967, well ahead of the song appearing on Stevens' album. The Arnold hit featured an up-tempo, soulful vocal set against harpsichord, horns, and strings.
Noted 1960s British filmmaker Peter Lorrimer Whitehead made a primordial music video clip for the song, featuring a non-singing Arnold cavorting on a British beach alongside The Small Faces.
Stevens is said to have never released his original recording as a single, because he felt Arnold's version was definitive.
A music video clip was made for this recording, featuring Stewart lip-synching the song as he wandered in a formal garden with an elaborate fountain.
Sheryl Crow's version was the first of two singles released to promote her 2003 The Very Best of Sheryl Crow compilation album. It was one of Crow's biggest radio hits, remaining 36 weeks in the Billboard Hot 100. It was also Crow's first Top 40 solo country hit, following the success of her hit duet with Kid Rock, "Picture". The song topped the Airplay charts in the U.S. and became a platinum seller, also reaching #14 on the Billboard Hot 100 singles chart.
The music video for "The First Cut Is the Deepest", directed by Wayne Isham, features Crow in a rocky desert singing with her guitar, riding horses and interacting in a cowboy environment.
The single was nominated for Best Female Pop Vocal Performance at the Grammy Awards, losing to "Sunrise" by Norah Jones.
Chart positions: #14 (U.S.); #37 (UK); #31 (Austria); #13 (Ireland); #19 (New Zealand); #10 (Portugal); #35 US Country; #1 US Adult Contemporary; #50 (Australia) 
The song assisted James Morrison in his rise to stardom, particularly in the United States, U.K., and Germany.
This version of the song is on the video game Karaoke Revolution Volume 2.