Woah, after the seeing the YT video of the very first original version, the feeling was even stronger then the official movie version. So I think I'll cast my vote on the very original one.
Yet, the movie version is still great, as this should remain my second favorite.
I just love how Timon starts singing in the finale of the song (before Pumbaa is shown next to him and joins in). Visually (camera transitioning from Simba and Nala, and centers on Timon), it might have looked funny. But overall, I find the feeling of what he sings here to be very true, heartfelt, and kind of serious. I don't just laugh at this part.
Just one more reason why

, is A lot more than a TLK comic relief.