The videocassette (VHS tape) is pure nostalgia now — evoking 80s/90s home video culture, rented movies, or the specific aesthetic of grainy VHS footage that's currently trendy in retro/vaporwave visual styles. Almost nobody uses an actual VHS anymore, making the emoji a symbol frozen firmly in the past.
Keywords: old, school, tape, vcr, vhs, video, videocassette