His shirt/pants/underwear/socks (whichever suits your fancy. Oh, hey, suits is another option!)

Although I haven't been in a store that sold new VHS tapes in years, I'm a little apprehensive.

While it is true that many shows have been re-released in DVD format, there are plenty of titles that did not (and/or will not) see re-release. In many cases, these aren't "essential" or "good" works, but film historians often use relics of the past to show the evolution of a director's style or the level of technological development at the time. They might also use these works to show the political climate of the country it was produced in, or as a source for historical evaluation.

If you need to make a film based in 1988, wouldn't it be nice if you had a lot of filmed material from 1988? What if you can't get access to what you know you need because it was all copyrighted, but never released on DVD? What if you can't find a collector who's willing to sell you their VHS tapes?

I don't think it's a fault so much of VHS going out of the market, but of copyright law. It's easy to find a VCR, or a tape deck or a record player, but finding a specific release from those mediums is nearly impossible without extensive searching, often commanding high prices from collectors. If that material was considered out of copyright, I could take my library and digitize it, throw up a torrent, and *poof* it's around for forever.. but because I can't, it will sit around until I'm an old man before there's even a glimmer of hope that it might be made available to the public.