### Clue: President going topless to screen movie kiss for old video recording? (7)
### Answer: BETAMAX 
 ### Explanation: Definition: old video recording
 "Obama"(Barack, current US President) **minus its first letter**(going topless, in a down clue) **containing**(to screen) ET(the Steven Spielberg movie) + X(symbol for a kiss).
Answer: The virtually obsolete analogue video recording format that lost out to VHS.