VHS (Video Home System) is a once popular format for analog video recording on tape cassettes, which appeared in 1976. More details here.
Coincidentally, this track was released in 2021, the 45th anniversary of this format.
The music video is composed of digitized video footage from cassette tapes, allegedly depicting Tony's early childhood.
This is also the second video on Monstercat after the Monstercat 9 Year Anniversary videos, which uses a 4:3 aspect ratio instead of the standard 16:9.