Recreated by splitting the source into R, G, B channels and offsetting each slightly in a different direction before recombining. In CSS it's faked by stacking the same text in different colours with mix-blend-mode: screen and a tiny translate offset each.
A more accurate version for photos actually separates channels with an SVG feColorMatrix filter and offsets each with feOffset.
When to use
Use for glitch/Y2K/VHS-mood titles. Overuse just looks messy — keep it to short moments like a hover or intro.