See more: The Best of 2012: The Year in Music
The ear-splitting duo put an ethereal, acoustic spin on the diva's hit "Irreplaceable" during a Maida Vale studio session, revealing the performance on DJ Zane Lowe's BBC show on Wednesday.
Earlier this year, fellow indie act Chairlift (joined by Das Racist rapper Kool A.D.) turned in a version of Beyonce's "Party," while past Beyonce indie tributes have included performances by the Magic Numbers and Antony and the Johnsons.
For Sleigh Bells' part, the band is faring just fine with its own original material, bowing at No. 12 on the Billboard 200 with sophomore album "Reign of Terror."