The Title Tag is not a Meta Tag. The Title Tag is an HTML code that shows the words that appear at the top title bar of your browser. The Title Tag is not displayed anywhere else on the page. It is these words or phrase that appears as the title of your page in the hyperlink listings on the search engine results. The users' in-turn click on this hyperlink to go to your website from Search Engine Results Page (SERP). Therefore, the significance of the Title Tag is evident as all search engines use the Title Tag to gather information about your site.
I agree the title tag very important when it comes to SEO. The relevance of the title to the rest of the website is very important for good search engine position. The title tag is also very important when linking back to website to increase keyword performance. From my experiences with SEO, I have found very important to have a good understanding of how to use the title tag when optimizing websites.
try to use "wonderful, free, best, incredible, must see, etc" in title. you will see that, title is very important as backlinks.