We have analyzed high signal-to-noise spectra of the disk galaxy NGC 7
217 in order to extract the full line-of-sight velocity distribution a
long both its major and minor axes. The data reveal that 20%-30% of th
e stars in this galaxy are in a distinct component on retrograde orbit
s. This counterrotating population cannot be explained away as a syste
matic error, and it does not seem to be caused by the bulge's contribu
tion to the velocity distribution. We have developed a new technique f
or fitting dynamical disk models directly to the galaxy spectra, and a
pplication of this method confirms the presence of the distinct counte
rrotating disk population. NGC 7217 is only the second disk galaxy kno
wn to contain counterrotating stars, but we argue that similar compone
nts in other regular disk systems would not have been detected by trad
itional techniques, and so there could exist many such systems. The ex
istence of disk stars on retrograde orbits provides a new clue as to t
he manner in which the galaxy formed: it favors a scenario in which ma
tter continues to accrete onto the galaxy over a long period of time,
with rapid, substantial changes occurring in the angular momentum of t
he infalling material. The observable consequences of this evolutionar
y history include a large bulge-to-disk ratio and the absence of stron
g spiral structure, and so the presence or absence of a counterrotatin
g component may go some way toward explaining the Hubble sequence for
disk galaxies.