Measure the height of one of the wall cavities (the inset areas between the open studs). It should be 8 feet or more.
Lay a long strip of insulation on the floor, putting the paper side up.
Lay a tape measure alongside the insulation piece to the reading you took from the wall. Lay a level across the insulation at that measurement and cut it with a razor knife.
Hold the cut insulation against the wall, tucking it between the first two studs. It should fill the space there, with the paper side facing out at you.
Secure the fiberglass to the sides of the studs with an electric stapler. Drive in the staples every 12 to 18 inches, near the front-facing edges of the studs.
Repeat the process to fill the spaces between each set of studs. The wall can now be drywalled.