Her other film credits include Dead Poets Society (1989), Eraser (1996), Matchstick Men, Cold Mountain (both 2003), The Butterfly Effect (2004), Short Term 12 (2013), Cam, Venom (both 2018), and Offseason (2021).
Walters made her screen debut with a small part in the 1988 film Underground, which she followed with the more substantial role of Gloria, a school student, in Peter Weir's critically acclaimed Dead Poets Society (1989).
[2] Following roles in various features throughout the early-mid 1990s, such as Beethoven (1992), Tim Burton's Ed Wood (1994), and the commercially successful Eraser (1996),[3] Walters began a professional partnership with Paul Thomas Anderson when she appeared in his directorial debut, the 1996 crime drama Hard Eight.
She earned praise for her work in his subsequent films Boogie Nights (1997) and Magnolia (1999), with Variety critic Emanuel Levy describing her portrayal of drug addict Claudia in the latter as "superlative".
[5] On television, Walters has appeared in guest roles on series such as Roseanne, Seinfeld, NYPD Blue, CSI, Desperate Housewives, Californication, The Mentalist, NCIS, Law & Order: Special Victims Unit, and American Gigolo.