Ultimate Alternative Wavers was the first full-length album released by indie rock band Built to Spill. The line-up consisted of Doug Martsch on guitar and vocals, Brett Netson on guitar and bass, and Ralf Youtz on drums, although there was some variation in instrumentation on a few tracks. The album was recorded at Audio Lab in Boise, Idaho in the fall of 1992, and released in 1993 on the C/Z Records label. It eventually went out-of-print, but was re-released in late 2006. The song title "Nowhere Nothin' Fuckup" is the title of a song by the main character, Jason Taverner, in Philip K. Dick's Flow My Tears, the Policeman Said. The song's lyrics, also, are in large part borrowed from The Velvet Underground's "Oh! Sweet Nuthin'".
The song "Shameful Dread" features a sample of Simpsons character Nelson Muntz saying his catchphrase, "Ha-ha!" This sound effect is featured in the episode "Marge Gets a Job".