For those who don’t get it: It’s referring to the ink soaked ribbon that would print characters on a piece of paper, similar to a typewriter. This is a preceding technology to digital consoles. Also why most programming languages refer to outputting a string to stdout as “print”.
Similar? It is in fact a typewriter ribbon: https://www.amazon.com/Olympia-Typewriter-Ribbon-Black-Red/d...
It's almost the same reason Windows still uses CR LF characters for new lines.
Not one character, but two: Carriage Return and Line Feed. Literally the action of moving the printer back to the beginning of the line and then the action of making the sheet of paper go "up" by one line.