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Definition

To begin recording or playing back audio or video material.

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How People Actually Use It

The phrase used when you are calling someone out on what you know is NOT TRUE - referring to a casino where EVERYTHING is recorded by the eye in the sky

"Bro, I did not borrow your sunglasses - I swear! Yea, well Roll the Tapes you asshole because I saw you wearing them Saturday. Mam, I ordered onion rings not french fries - Sir, you ordered french fries... Yea bitch, well roll the tapes...rings..."

Source: Urban Dictionary