Wally is an unreleased song originally recorded on 28 December 1986 at Prince's Galpin Blvd Home Studio in Chanhassen, Minnesota (two days after finishing a three-month stay in Los Angeles by recording Pony Ride).
After finishing the song Prince ordered engineer Susan Rogers to erase all channels on the the 24-stem recording. It is not clear if a cassette copy of the song was made prior to its erasing. A new version for which Eric Leeds and Atlanta Bliss added horns, was recorded a short while afterwards.
The original version was a solo recording dealing with Prince's break-up with Susannah Melvoin, and thanking Wally Safford for being his friend. He felt the song was too personal, however, and kept adding layers of percussion and changing the feel of the track.
At the end of the session, against engineer Susan Rogers pleas not to, he insisted to erase all 24 tracks. At a later time Prince re-cut the track from scratch.
The song is not known to have been considered for inclusion on any configuration of Crystal Ball, Sign O' The Times or any other project.