The lowest ranked episode of Star Trek: Voyager, according to IMDB, isn't Threshold
Star Trek: Voyager went where no other series had gone before or has gone since when it debuted "Threshold" during its second season. Although I didn't despise it as much as many fans, there were plenty who couldn't get past Tom Paris [Robert Duncan McNeill] and Captain Janeway [Kate Mulgrew] morphing into large lizards. Paris then kidnapped Janeway, took her to another planet, where they created some lizard babies which got left behind on the planet after Paris and Janeway were rescued by Voyager. While I personally think the episode had its good parts, I can understand why it would rank low in the ratings.
Hold onto your hats, though, because according to the Internet Movie Database [IMDB], Threshold is actually two points higher than the worse ranked episode which is "The Fight." Chakotay [Robert Beltran] begins hallucinating about boxing, seeing pairs of boxing gloves randomly. This is all because Voyager is caught in chaotic space, and Chakotay has a genetic marker for a cognitive disorder which had never been brought up before. He struggles with more hallucinations, goes on vision quests, encounters his grandfather, and then weirdly manages to save the ship after communicating with the aliens through boxing. Granted, this was a strange episode, but it gave Beltran some much-needed screentime at least.
It's almost unfathomable that an episode about hallucinations and boxing would win out as the worst-ranked episode against one that has Paris and Janeway becoming giant salamanders [or whatever you want to call them]. But there you have it. While "The Fight" isn't one of my favorite episodes, I didn't have that much of an issue with it as other episodes of the series. But the votes don't lie on IMDB, and clearly, there are plenty of fans who understandably couldn't forget about the lizards.