"Valleri" was first heard in the "Captain Crocodile" episode of The Monkees
, which aired February 20, 1967, and again on the "Monkees at the Movies" episode April 17, 1967.
This first recording was considered a rough version, as Kirshner planned to polish it up for inclusion on their second album, but Kirshner had a falling out with The Monkees (especially Mike Nesmith) and was fired in early 1967 after releasing "A Little Bit Me, a Little Bit You" without first informing the group, so the song never made it to that second album, which was released in April.
This rough version of the song had been taped off the TV by two enterprising disc jockeys, one in Chicago, one in Florida, and as demand for anything Monkees began to spread, they playing this taped TV version on their radio shows, something that would happen many years later with the Friends theme
. Listeners to the stations airing the rough mix of "Valleri" started writing the Monkees' distributor Colgems Records, asking where they could buy a copy of the record that they had just heard.
There was plenty of demand, but only a rough mix of the song available, and Boyce and Hart were no longer working with The Monkees. Not only that, but the group had by this time (late 1967) written into their contracts that they would perform on their records and be credited as producers. This meant that anything from the original sessions could not be used, so Colgems asked Boyce and Hart to come back and try to rerecord the song as faithfully to the original as they could. In late December 1967, Boyce and Hart recorded the new version with The Monkees, which was released as a single in March 1968, 13 months after it was first performed on the TV show.