Pillow Wand by Nels Cline & Thurston Moore

Originally released on Little Brother Records in July 1997. Here's the original promo blurb from 1997:

After many years of planning, Nels and Thurston's much-talked-about "dream guitars" project is finally here. Recorded the same day they played live at Rhino Records (the results of which make up the In-Store CD), Pillow Wand is the first studio collaboration between two of the most innovative guitarists around. Most pieces feature quiet layered strumming and build slowly to their resolution. CD is packaged in a fold-over jacket with inner sleeve (like a mini gatefold record).