EDIT: Seems dynamic music is back in style in some very recent games, many of which I haven't really played yet. Good. 
For me, it's dynamic music, the kind that some games had that adjusted moment by moment to what was happening in the game.
The best-known example of this in the 90s game TIE Fighter, where the moment more enemy (or allied) ships showed up the music would have a little additional flourish to acknowledge the shift in battle. There were pre-battle tension tracks, battle music, complications of battle, grandiose flourishes for the arrival of enemy or even allied capital ships, and victory and failure music all ready to flow into the next seconds of the game.
A lesser-known but still excellent example of this was in Ultima Underworld and its sequel, where drawing a weapon had its own special "preparing for battle" tension music, getting attacked had a jump-out-of-your-skin joltingly sudden musical start that actually scared me as a kid when I got ambushed, music for battles going well, going poorly, victory and defeat.
I wish more games did those sort of second by second musical changes, but they've sort of fallen out of fashion for the most part. 
Dynamic music is absolutely still a thing, I'm not even sure where you got the idea it went away. Street Fighter 6 is an easy example of round-by-round change, and literal second-by-second changes (I think really generation?) are used in non-setpiece parts of BotW and BotW 1.5. It's even more overt in Untitled Goose Game.
That's good then. I haven't bought as many new games recently as I used to, and in the years before that there was a bit of a dry spell of canned "epic" orchestral tracks without dynamic features.
Yeah, even the TIE Fighter remake on the X-Wing vs TIE Fighter engine just had generic Williams score playing and it was a huge bummer.
That was around the start of a long dry spell of disappointment for me. I'm glad dynamic music is making a comeback now, according to people in this thread.