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I found an old tape in my home "studio" and it didn't seem to work. I fiddled around with it on my four-track for a while, and eventually I found this on it.
I don't know what the hell it is, but it creeps me out.
I suspect it's something to do with different tape speeds, as I have a few different machines. One side seems to be really fast, the other side really slow. But I prefer the explanation that it is simply a ghost.