Not long after the release of Electric Light Orchestra's first album, Wood found himself at odds with co-leader Jeff Lynne who would argue frequently about the direction of the band. Wood decided he wanted to head off in a different musical direction and left, taking band members Bill Hunt (keyboards and french horn), Hugh McDowell (cello), and ELO's sound engineer, Trevor Smith, with him, to found Wizzard. Also in the line-up were former Move bassist Rick Price, drummers Charlie Grima and Keith Smart (all taken from Birmingham group Mongrel), plus saxophone players Mike Burney and Nick Pentelow; son of actor Arthur Pentelow. Hunt was later replaced by Bob Brady.

The band made their live debut at a rock and roll festival at Wembley Stadium on 5 August 1972, followed by an appearance at the Reading Festival later that month. With Wood's distinctive warpaint make-up and colourful costume, not to mention regular appearances on BBC Television's Top of the Pops in which members and friends variously appeared in pantomime horses, gorilla costumes or as roller-skating angels, often wielding custard pies for good measure, they were one of the most picturesque groups in the British glam rock era. In January 1973 they scored their first Top 10 hit with "Ball Park Incident". Although they released two albums, Wizzard Brew, and Introducing Eddy & The Falcons, their biggest hit was with their second single. "See My Baby Jive", Wood's faithful and affectionate tribute to the Phil Spector generated 'Wall of Sound', made No. 1 in the UK Singles Chart for four weeks. The follow-up, "Angel Fingers", also topped the charts for one week.

The band's 1973 Christmas single "I Wish It Could Be Christmas Everyday" has become something of an annual fixture on British radio and television (along with Slade's "Merry Xmas Everybody" and, until his public fall from grace, Gary Glitter's "Another Rock n' Roll Christmas"). It was reissued in 1981, and a 12" re-recording appeared in 1984.

During 1973 Wood was simultaneously exploring a solo career with his album Boulders, which produced a Top 20 hit in "Dear Elaine". The subsequent heavy working schedule and strain led to health problems, and several cancelled or postponed live dates on a spring 1974 tour of the UK. One highlight of 1974 was a return to the Top 10 with "Rock 'n' Roll Winter", a song dedicated to a girlfriend of the time Lynsey de Paul, who repaid the honour by recording a Wizzard flavoured song "Ooh I Do" a few months later. A tour of the U.S. later that year failed to bring them any commercial success there, but some members guested on a Beach Boys session, which resulted in the eventual release of the latter group's single "It's OK" in 1976.

Wizzard was an expensive band to maintain, both because of the large line-up, in terms of recording costs, and Bill Hunt's propensity to smash the pianos of the venues they were playing at. According to Price in a radio interview, "...even when we've had permission to do so. At one gig they said, 'Oh, go on, smash it up; it's only worth a fiver.' So Bill smashed it up, and we got a bill for a hundred and ten quid!" Studio time was an even greater drain on the band's finances. Price again: "When we finished recording "Angel Fingers" it was rumoured that we had spent more time in the studio than Paul McCartney had with the whole of the Band on the Run album. Whether it was true or not, this meant that most of the record company's money was spent in studio time and that the members of the band had to rely on live touring work for their income. A couple of tours in the UK and one tour of the U.S. were not enough to ensure regular wages for the band. One by one the band members found other, more lucrative, things to occupy their time."

By autumn 1975 they had split, leaving a farewell single "Rattlesnake Roll", which failed to chart, plus a third album Main Street which their record label did not release as they deemed it too uncommercial. It finally saw the light of day in 2000. Wizzard had initially intended their second album to be a double, with one disc a set of rock and roll pastiches, the other disc jazz-rock. The record label heard the rock and roll set, and said they intended to release that as a single album, which appeared in 1974 as Introducing Eddy and the Falcons. Main Street, which languished in the vaults for around 25 years and was for some time presumed lost, was the jazz-rock set.

In 1977 Wood and Price formed the shortlived Wizzo Band, after which Wood reverted to a solo career in addition to producing records for other acts, notably a 1979 Top 10 cover version of "Duke of Earl" for British doo-wop revivalists, Darts.

As with the previous Wizzard album, all songs were composed by Roy Wood. The album had a kind of concept feel similar to The Beatles' Sgt. Pepper’s Lonely Hearts Club Band, in that the intro 'featured' the appearance on stage of fictional band Eddy & The Falcons. All tracks were written and recorded as tributes to the original 1950s and early 1960s rock’n’roll greats, "Eddy’s Rock" being a guitar and saxophone instrumental with guitar played in the style of Duane Eddy, while "Everyday I Wonder" was similar in sound and approach to Del Shannon’s "Runaway", and "Come Back Karen" did the same for Neil Sedaka’s "Oh Carol".

One single was released from the album, "This Is The Story Of My Love (Baby)". Its poor chart performance (No. 34) was a disappointment to the band, as all their previous singles had reached the Top 10. Music journalists thought that the more catchy, up-tempo "You Got Me Runnin’" would have made a much better single.

The album was initially meant to be part of a double album by the group, one half rock’n’roll, the other half in a more progressive or experimental jazz-rock style. However the record company heard the work in progress, and asked for the rock’n’roll part to be recorded and released as a single album. Maybe they were right, for it peaked at No. 19 in the UK album chart – a much better placing than its predecessor, the less commercial Wizzard Brew.

The sleeve featured a credit 'Custard pies - D.L.T.' This referred to one of their appearances on "Top Of The Pops", when presenter Dave Lee Travis had been the apparently unwitting recipient of a custard pie wielded by one of the group.

The jazz-rock material was recorded later but not released until 2000, on the album Main Street – some 25 years after Wizzard had disbanded.

The original release of "Eddy" on the Warner Brother label, in a gatefold sleeve, included a fold-out poster of Roy Wood on stage. It was reissued by Edsel on CD in 1999, featuring bonus tracks (1974 singles, A- and B-sides, which had not been recorded as part of the original concept), but soon deleted.

Please note small tear on packaging and pin-hole on end label.