Grainy, low-resolution videos of a woman (presumably "Mrs. L") in a domestic setting.
The story typically follows a standard "found footage" or "cursed file" trope:
In reality, It was created as part of an ARG (Alternate Reality Game) or simply as "analog horror" content designed to spook viewers.
There is no actual "cursed" file that causes harm to your computer or person. Most links claiming to be the "real" download are either empty files, jump-scare websites, or, in some cases, actual malware/viruses disguised as the legend.