Squeeze is the fifth and final studio album by the Velvet Underground, recorded in the autumn of 1971 and released in February 1973 by Polydor Records. The album features Doug Yule from the Lou Reed-era lineup of the group, who wrote and recorded the album almost entirely by himself. Yule had joined the Velvet Underground in October 1968, prior to the band recording their self-titled third album, and Yule had also contributed significantly to the fourth album, Loaded. Following the departures of the remaining founding members, Yule was positioned as the de facto leader of the band. Longtime drummer Maureen Tucker was slated to appear on Squeeze by Yule, but she was dismissed by the band's manager, Steve Sesnick.

The Velvet Underground was an American rock band formed in New York City in 1964. It originally comprised singer and guitarist Lou Reed, Welsh multi-instrumentalist John Cale, guitarist Sterling Morrison, and drummer Angus MacLise. In 1965, MacLise was replaced by Moe Tucker, who played on most of the band's recordings. Though their integration of rock and the avant-garde resulted in little commercial success, they became one of the most influential bands in rock, underground, experimental, and alternative music. Their provocative subject matter, musical experiments, and nihilistic attitude was also instrumental in the development of punk rock, new wave and several other genres.