Walter Egan (born July 12, 1948, Jamaica, 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 of Fleetwood Mac fame. The song reached #8 on the Billboard Hot 100 and #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 (who played piano with Egan on later albums) 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".
Egan later toured as a member of a latter-day version of Spirit, as well as having been a full member of both The Brooklyn Cowboys and The Malibooz.
Egan once[when?] appeared as a contestant on the popular television game show Scrabble. During his introduction segment, Egan identified himself as a singer and songwriter. Chuck Woolery asked him if we would know any of his songs, at which point he sang the main hook from "Magnet and Steel." Unfortunately, Egan was not the champion that day.
Egan currently resides in Franklin, Tennessee, where he is a substitute teacher at Centennial High School. He continues to write, record and tour into the new millennium. One notable show was in Hollywood, Florida, in August 2009. Billed as a survivor, he debuted two new songs. Egan is listed as co-writer on the Eminem hit "We Made You". The song's producer, Dr. Dre, believed he was inspired by the bassline from (and used samples of) Egan's "Hot Summer Nights". Egan headlined the 13th annual "Gram Parsons Guitar Pull and Tribute Festival" in Waycross, Georgia, on Sept. 16-18, 2010. On January 26, 2010, Egan's classic "Magnet and Steel" was heard playing at the Food World in Pensacola, Florida sparking brief resurgance in the song's popularity amongst shoppers in the store. This resulted in several hits to the popular website YouTube, where Egan's video is a staple in its genre.