Playlist labeled "Internet Songs" with unknown item "ref="
I recently upgraded to Yosemite and while trying to organize my music in iTunes 12.1.2.27 I noticed a playlist labeled "Internet Songs" and upon inspection it only had one item in the list named "ref=". It also had a symbol next to the name which you can see in the screen shot below.
Additionally, the item does not play when clicked on.
Can anyone tell me what this is? Should I delete it?