It's the present participle of the verb "Reminisce", which is a synonym for the verb "Remember".
It is a very classy verb used by various poets and people of higher status.
It was also made famous by rapper
Tupac Shakur's "Pour out a little liquor" song which made various
Afro-American L.A. gangsters use it while smoking weed and drinking liquor with their
bitches in the club.