Only answer if you have played them all! At least all of the console Zeldas.
Here's my list:
1.Majora's Mask
2.Ocarina of Time
3.A Link to the Past
4.The Legend of Zelda
5.Zelda II: The Adventure of Link
6.Wind Waker
7.Twilight Princess

I've played all of the console zeldas, and this would be my list

1. A link to the past
2. Wind waker
3. Twilight princess
4. Majora's mask
5. Ocarina of time
6. The legend of zelda
7. Zelda II

Only going by console releases:

1) Majora's Mask
2) A Link to the Past
3) The Wind Waker
4) Ocarina of Time
5) Zelda II: The Adventure of Link
6) Twilight Princess
7) The Legend of Zelda

1) Majora's Mask
2) Twilight Princess
3) Ocarina of Time
4) A Link to the Past
5) Wind Waker
6) The Legend of Zelda
7) Zelda II

You're all forgetting Four Swords Adventures. I haven't played it, so didn't rate it.

1: Ocarina of Time
2: Twilight Princess
3: LoZ ALttP
4: Wind Waker
5: Legend of Zelda

Zeldas- one of my favorite video game series of all time

1) Zelda
2) Zelda II
3) Link to the Past
4) Four Swords Adventures
5) Link's Awakening
6) Minish Cap
7) Zelda III: Adventures in Neutopia
8) Zelda IV: Adventures in Neutopia II
9) Oracle of Ages
10) Oracle of Seasons
11) Twilight Princess
12) Majora's Mask
13) Wind Waker
14) Ocarina of Time

1. Majora's Mask
2. Wind Waker
3. Ocarina of Time and/or Twilight Princess

The Legend of Zelda: The Faces of Evil, The Legend of Zelda: The Wand of Gamelon or Zelda's Adventure...Hmm...

Only including console Zeldas...

1. A Link to the Past
2. Wind Waker
3. Majora's Mask
4. Twilight Princess
5. Ocarina of Time
6. The Legend of Zelda

I've never played Four Swords Adventure or Zelda II, so yeah.

I say Ocarina of Time is the best because the game was a huge epic adventure for our childhoods but Twilight Princess I think is better because it plays like Ocarina of Time, even more epic and is the LONGEST Zelda game I have ever played. Here is my list
1. Twilight Princess
2. Ocarina of Time
3. A Link to the Past

For me it has to be...

1. Ocarina of Time
2. A Link to the Past
3. Twilight princess

I never got a chance to play Majora's Mask. Come on Nintendo of America. It's about time to bring this to the virtual console in the US! Give me something to tide me over til the next major Zelda release.

Here is my list:

1. A Link to the Past

I honestly don't know how I'd rank the rest. Ocarina and Twilight and, to a lesser extent, Wind Waker are so similar to each other, and I don't think I enjoyed any one of them more than the others. I've not played Majora's Mask and Link's Awakening for more than a few hours each. I really should go back to them, shouldn't I? Especially considering so many of you are listing Majora as their favourite!

They're all good but my favourites are Twilight Princess and Majora's Mask.

My three favorites are Link's Awakening, Ocarina of Time and Majora's Mask, not in any particular order.

and lol @ Neutopia

Ocarina and TP. Those are epic. I don't like any of the top-down Zelda's (sue me ), so it really narrows down my choices

Fine, I'll see you in court. I hope you have a good lawyer.

Willst thou get the girl? Or play like one?

Best tag line ever, for The Best Game Ever!

1. Twillight Princess
2. Ocarina of Time

Haven't played any of the others to completion, so wouldn't like to comment on them. Altough I will say that the forrest setting is esssential to any Zelda game in my book, and setting the story at sea just isn't the same for me.

1 - Ocarina
2 - A link to the Past
3 - Majoras Mask
4 - Links Awakening
5 - Minnish Cap
6 - Twilight Princess
7 - Oracle of Seasons
8 - Oracle of ages
9 - Phantom Hourglass
10 - Legend of Zelda

@Adam: I can have my neighbor. He's free