What does the phrase 'lost in time' mean?

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It could mean it is outdated or long gone. It often means something cannot be found or recovered and has been lost forever.

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Means "потерянный во времени" in Russian.I think it is possible to say about the person who is a kind of old-fashioned or has not "modern mind".In Russian it has such meaning.

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I 🤔 think it friends on the context this phrase is used in.

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Thank you everyone.

Can I use this phrase in the following context

Person1: Have you watched the movie "What's eating Gilbert Grape"?
Person2: I love that film. One of my favorite movie growing up. But now it seems lost in time.

Is my understanding correct?

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