The One and Only is a studio album by American country music artist Waylon Jennings, released in 1967 on RCA Camden.

"John's Back in Town" is a comic response to Johnny Cash's "The Singing Star's Queen" from Everybody Loves a Nut (1966), with an identical general concept.

During this time, Jennings rented an apartment in Nashville with Cash,[1] who later recalled in the Jennings documentary Renegade Outlaw Rebel, "We had a mutual respect for each other as artists, and when we got to know each other we had so much in common: our love for music and, at that time, our love for chemicals."

The album also includes the popular Roy Orbison hit "Dream Baby."

Matt Fink of AllMusic: "Though there's nothing here in particular to get excited about, there's enough to keep the casual fan interested."