GNU Collaborative International Dictionary of English

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Found one definition

1.       
   Wall-eyed , a. [Icel. valdeygðr, or vagleygr; fr. vagl a beam, a beam in the eye (akin to Sw. vagel a roost, a perch, a sty in the eye) + eygr having eyes (from auga eye).  See Eye.] Having an eye of a very light gray or whitish color.
   Booth.
   
   1913 Webster
   ☞ Shakespeare, in using wall-eyed as a term of reproach (as “wall-eyed rage,” a “wall-eyed wretch”), alludes probably to the idea of unnatural or distorted vision.  See the Note under Wall-eye. It is an eye which is utterly and incurably perverted, an eye that knows no pity.
   1913 Webster