Pressing the backspace key on a computer terminal would generate the ASCII code 08, BS or Backspace, which would delete the preceding character. That control code could also be accessed by pressing Control-H, as H is the eighth letter of the Latin alphabet. Terminals which did not have the backspace code mapped to the function of moving the cursor backwards and deleting the preceding character would display the symbols ^H (caret, H — see Caret notation) when the backspace key was pressed. This sequence is still used humorously for epanorthosis by computer literates, denoting the deletion of a pretended blunder, much like overstriking.
Example: My slave-dri^H^H^H^H^H^H^H^H^Hboss decided to stall the project.