The Shepherd's Dog is the third full-length studio album by Iron & Wine, released on September 25, 2007. If bought at select retailers or if pre-ordered through Sub Pop, the album comes with a bonus disc featuring two unreleased tracks. "Boy with a Coin" is the first single and was released on July 10, 2007 via Sub Pop, including the single edit of the song along with two other tracks.

The album debuted at number 24 on the U.S. Billboard 200 chart, selling about 32,000 copies in its first week.

In 2008, "Flightless Bird, American Mouth" was used in the movie Twilight. The song was specifically chosen for the film's prom scene by Kristen Stewart, the female lead, and appears on the movie's soundtrack.