"One More Cup of Coffee (Valley Below)" tells the tale of a girl whose family are drifters, and of the man who must leave her to enter the "valley below". The narrator describes a character who is beautiful: "your eyes are like two jewels in the sky" but for whom the narrator's love and admiration are not reciprocated ("but I don't sense affection no gratitude or love, your loyalty is not to me but to the stars above"). Dylan claimed to have composed the song while visiting the Roma festival in Saintes-Maries-de-la-Mer, a French town in the Rhone river delta, in 1975 on his 34th birthday.

The song is a duet between Dylan and Emmylou Harris; as an incidental to its use of the natural minor scale and Dylan's melismatic singing style, it has a decidedly Middle Eastern flavor in the vocal melody.[citation needed] It was performed several times in live concerts in November 1978.[6] The song was used in the 1998 Larry Clark film Another Day in Paradise. It was covered by The White Stripes on their 1999 eponymous debut album. Robert Plant covered the song in his 2002 album Dreamland. In 2003, the Sertab Erener cover of the song appeared on the soundtrack of the movie Masked and Anonymous. There is also a version by Roger McGuinn and Calexico for the 2007 film I'm Not There. 80's punk singer Nina Hagen released a version with German lyrics on her 2011 album Volksbeat. Tom Jones covered the song for his 2021 covers album Surrounded by Time.