Wallace Waverly is a socially sheltered, high functioning mentally challenged man who has lived with his mother all his life. Upon her death, Wallace finds himself alone and lonesome, rattling around in mom's big, old Victorian home. Wallace's days now consist of playing ragtime on the family piano and gazing out the front window. One day, as he browses through the personal section of a newspaper he sees an ad that reads: 'Lonely? Need Love? Call 1-900-HOT BABES.' Wallace, taking the ad literally, dials the number and falls in love with Tiffany, the 900 sex-line operator he encounters. 'My Name is Wallace,' while a sweet and touching comedy, is also the story of personal salvation through love.