Collection of favorites, of a sort

• Often sentimental recording
• Homemade music compilation ... or a hint to the circled letters
• Personal music compilation
• Personalized musical gift
• This-and-that recording for a friend or a party
• Underground rapper's demo

Wiktionary Word definitions in Wiktionary
n. A compilation of songs on a tape, usually encompassing many different artists and made without permission.

Wikipedia Word definitions in Wikipedia
A mixtape is a compilation of songs recorded in a specific order, traditionally onto an audio compact cassette. Mixtape or The Mix Tape may also refer to: