Naked Baby Photos is a compilation album comprising outtake material from recordings of Ben Folds Five's first two studio albums and live performances. Most of the tracks are previously unreleased rarities. Caroline Records' webpage for Naked Baby Photos features explanations of each track's origins from Ben Folds.

Track List:
01. Eddie Walker 03:20
02. Jackson Cannery (Original 7" Version) 04:01
03. Emaline 03:23
04. Alice Childress (Live On KCRW, Los Angeles 10-16-95) 04:21
05. Dick Holster 00:28
06. Tom & Mary 02:35
07. For Those Of Y'all Who Wear Fannie Packs 06:06
08. Bad Idea (Original Demo Version) 02:07
09. Underground (Live At Ziggy's, Winston-Salem, NC 8-12-95) 04:43
10. The Ultimate Sacrifice (Live At Lupo's, Providence, RI 5-28-97) 03:28
11. Satan Is My Master (Live At Ziggy's, Winston-Salem, NC 8-12-95) 01:33
12. Julianne (Live At LA2, London 11-26-96) 02:35
13. Song for the Dumped (Live At LA2, London 11-26-96) 04:42
14. Philosophy (Live At De Melkweg, Amsterdam 3-18-97) 04:52
15. Twin Falls (Live At Club Quattro, Tokyo 2-26-96) 02:25
16. Boxing (Live At Club Quattro, Tokyo 2-26-96) 04:38

Ben Folds - vocals, piano
Robert Sledge - bass, background vocals
Darren Jessee - drums, background vocals