Unfortunately, all he served up were stale old crumbs from a tired old recipe.
Smith enjoys a doyen-like status within Scottish football. He has a decent coaching record to look back on - apart from his second Ibrox spell when the playing field (financially) wasn't exactly level.
Sadly, all those cups and medals won do not give you a free pass when you unleash a torrent of gibberish.
Fans of the four-year-old Rangers 2012 FC have long been espousing the ridiculous theory that the club they used to support, Rangers 1872-2012, were betrayed by Scottish football.
And this week Smith decided to give credence to such nonsense.
He got on his soapbox and blurted out the following:
"It will be a massive motivation for the club, it would be for me.
- "I think it [ill feeling] will always be there. There was no necessity for Rangers to be put down into the Third Division.
- "I think that's the thing that will always stay in Scottish football, I think there will be a bitterness in the Rangers ranks that it happened.
"There's no doubt it was the wrong move in my eyes.
"Scottish football's been worse off and a lot of the teams who were happy to see Rangers go down there have suffered and found themselves relegated or in the process of being relegated. So there will be that bitterness.
"How can they forget what happened to them? They can't forget that. Nobody can forget."
If Walter, and the other prophets and sultanas of spin are to be believed, July 2012 was Scottish football's equivalent of Versailles 1919.
The tartan versions of David Lloyd George, Vittorio Orlando, Woodrow Wilson and George Clemenceau all gathered at Hampden to inflict a 'Carthaginian peace' upon the game by making Rangers 'pay'.
Nonsense of course but such tripe has served as a comfort blanket for those making the pilgrimage of walking around the world famous Albion Road car park while bashing a copy of "Downfall" against their heads.
To the point where they actually believe the lie that others 'conspired' to kill off Rangers 1872-2012.
When truth be told, that very same club destroyed themselves through years of 'financial mismanagement'.
It seems Walter Smith is one of those clutching tightly to his comfort blanket in the hope that what actually happened was 'all a bad dream'.
What was surprising that when Walter stood before the huddled media masses espousing this guff, no one appeared to challenge him on it.
If they had, instead of solely focussing on dutifully transcribing every ill-informed utterance, there could have been a more insightful story to report on regarding what actually happened during the final years of the club that died.
Had some research been done beforehand, it would have come to light that such questions of Smith's second spell at that club had been asked before by Alex Thomson of Channel 4 News.
They still remain unanswered and the press call given by Smith earlier this week would have been a fine opportunity to pose them again.
Especially what he knew about the discredited EBT scheme that led to that club's death - not to mention why he and his 'consortium' dilly-dallied in saving it.
Talk about Nero fiddling as Rome burned? Smith, like so many others, conducted a whole orchestra.
Lest we forget a supplementary question could have been asked of why he wished the "new club" every success - and referred to this fledgling club being "new" - after Charles Green had launched it?
As far as Walter Smith goes, there are reams of contradictions to be flung at the nonsense he came out with earlier this week.
Alas, Smith was let off the hook and his image of being a regal saviour on a white horse was allowed to be preserved in the eyes of the people.
Unfortunately for him, those not suffering from cognitive dissonance, saw his reputation and standing crash faster than Franz Reichelt's.