Scrolling back and forth through time, rather than a spatial axis, and sometimes also with the ability to pause at arbitrary places. I usually see that usage in the context of video editing.
The time bar and "current location" elements of a video player are commonly called the "scrubber". Thus, when you record multiplayer video, you have full control over playback.
Or maybe you mean the tool that lets you rewrite your miserable failure with no kills and make it look like you won the match with no deaths.