Walter Lindsay Egan (born July 12, 1948, in New York) is an American rock musician, best known for his 1978 gold status hit single "Magnet and Steel" from his album Not Shy, produced by Lindsey Buckingham and Richard Dashut. The song reached #8 on the Billboard Hot 100 and #18 on the Easy Listening chart. Overseas, it peaked at #32 on the Australian Singles Chart (Kent Music Report).
Buckingham also co-produced Egan's first album, Fundamental Roll, with Stevie Nicks. "Magnet and Steel", inspired by Nicks, was featured in the 1997 film Boogie Nights, as well as in the 1998 film Overnight Delivery and the 1999 film Deuce Bigalow: Male Gigolo. Egan also wrote "Hearts on Fire", which was covered by Gram Parsons on his album Grievous Angel, and "Hot Summer Nights", which was the first hit for the band Night, which included such session musicians as Nicky Hopkins and Robbie McIntosh. Egan scored minor hits with his own version of "Hot Summer Nights", as well as "Only the Lucky" and "Fool Moon Fire".