This sound comes from Mega Man 3, Capcom's NES action platformer released in 1990, where it plays when the player loses a life. The clip spread beyond game footage because its 8-bit defeat cue is easy to recognize and easy to loop into short edits. It still appears in retro compilations, fail montages and gaming memes, much like the mario death and other classic game loss sounds that instantly communicate defeat without any extra context.