[v. ree-pley; n. ree-pley]
verb (used with object)
to play again, as a record or tape.
an act or instance of replaying.
a repetition of all or part of a broadcast or of the playing of a phonograph record, videocassette, etc.
a rematch.
Informal. a repetition, recurrence, or reenactment: The recession could be a replay of the Great Depression.

1880–85; re- + play Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
1.  television Also called: action replay a showing again of a sequence of action, esp of part of a sporting contest immediately after it happens either in slow motion (a slow-motion replay) or at normal speed
2.  a rematch
3.  to play again (a record, television sequence, sporting contest, etc)

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1884, in sporting jargon, from re- "back, again" + play (v.). Of recordings, attested from 1922. The noun is from 1895.
Online Etymology Dictionary, © 2010 Douglas Harper
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Computing Dictionary

Replay definition

Acorn Computers' full-motion video system written by Roger Wilson. Video and sound information are stored in compressed form. Compression is relatively slow but decompression is done in real-time with quality and frame-rate varying with the processing power available, the size of the picture and whether it appears in a window or uses the whole screen.
The Free On-line Dictionary of Computing, © Denis Howe 2010
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Example sentences
And then you have to play and replay the piece and learn that the piece makes
  you feel either calmer or more energized.
Call me impatient, but the last two months of my job search seem to replay
  nearly the same scenario over and over again.
But that compulsion to replay things obsessively and pointlessly is so strong,
  and keeps us hooked in.
And you can reexamine and replay the scenarios every few years to see if you're
  still on track.
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