Feature selection (FS) is a significant dimensionality reduction technique in machine learning and data mining that is adept at managing high-dimensional data efficiently and enhancing model performance. Metaheuristic algorithms have become one of the most promising solutions in FS owing to their powerful search capabilities as well as their performance. In this paper, the novel improved binary walrus optimizer (WO) algorithm utilizing the golden sine strategy, elite opposition-based learning (EOBL), and population regeneration mechanism (BGEPWO) is proposed for FS. First, the population is initialized using an iterative chaotic map with infinite collapses (ICMIC) chaotic map to improve the diversity. Second, a safe signal is obtained by introducing an adaptive operator to enhance the stability of the WO and optimize the trade-off between exploration and exploitation of the algorithm. Third, BGEPWO innovatively designs a population regeneration mechanism to continuously eliminate hopeless individuals and generate new promising ones, which keeps the population moving toward the optimal solution and accelerates the convergence process. Fourth, EOBL is used to guide the escape behavior of the walrus to expand the search range. Finally, the golden sine strategy is utilized for perturbing the population in the late iteration to improve the algorithm's capacity to evade local optima. The BGEPWO algorithm underwent evaluation on 21 datasets of different sizes and was compared with the BWO algorithm and 10 other representative optimization algorithms. The experimental results demonstrate that BGEPWO outperforms these competing algorithms in terms of fitness value, number of selected features, and F1-score in most datasets. The proposed algorithm achieves higher accuracy, better feature reduction ability, and stronger convergence by increasing population diversity, continuously balancing exploration and exploitation processes and effectively escaping local optimal traps.