Is Naked Lunch considered a classic yet? If it isn’t, it will be in a few years. Burroughs is dead, after all.
I read a lot of Poe and Lovecraft when I was younger. (Big surprise, I know. ;)) King simply cannot stand up to them, but King can’t stand up to anyone who’s not sold in drugstores. I will always love Poe’s “The Black Cat” and “The Pit and the Pendulum”, but then doesn’t everyone? Dark, overgrown 19th and 20th century horror never managed to frighten me, but I love it just the same.
I love short fiction more than most novels. I have a special place in my heart for Saki, aka H. H. Munro, and O. Henry, aka William Sydney Porter. Ambrose Bierce, W. Somerset Maugham, Jack London, and Conrad Aiken are all masters of the form, but even authors as wordy as Melville can pull it off. (“Billy Budd” is heavy-handed in its symbolism, overtly Transcendental in its philosophy, and utterly successful despite those handicaps.)
If you enjoy short fiction as much as I do, hunt out Tellers of Tales, a short fiction anthology edited by W. Somerset Maugham. I have a classic edition, much faded on the cover but perfectly readable on every page, copyright 1939 and probably printed not much later I picked up for a song at a since-closed used book store. Amazon doesn’t appear to have it, but used book websites do.