For the radial energy-supercritical nonlinear wave equation $$\Box u = -u_{tt} + \triangle u = \pm u^7$$ on $\R^{3+1}$, we prove the existence of a class of global in forward time $C^\infty$-smooth solutions with infinite critical Sobolev norm $\dot{H}^{\frac{7}{6}}(\R^3)\times \dot{H}^{\f16}(\R^3)$. Moreover, these solutions are stable under suitably small perturbations . We also show that for the {\em defocussing} energy supercritical wave equation, we can construct such solutions which moreover satisfy the size condition $|u(0, \cdot)|_{L_x^\infty(|x|\geq 1)}>M$ for arbitrarily prescribed $M>0$. These solutions are stable under suitably small perturbations. Our method proceeds by regularization of self-similar solutions which are smooth away from the light-cone but singular on the light-cone. The argument crucially depends on the supercritical nature of the equation. Our approach should be seen as part of the program initiated in~\cite{KrSchTat1}, \cite{KrSchTat2}, \cite{DoKri}.