Used in two senses: 1. Those all-too-frequent moments when you can't remember whether you did something or just thought about doing it; 2. those other all-too-frequent and embarrassing moments when you have absolutely clear and vivid memories of events or conversations that never happened at all. Example: Mark Twain's famous statement I remember everything whether it happened or not tells us that he understood the important role memory illusions play in everyday life.
MEMORY ILLUSION
Meaning of MEMORY ILLUSION in English
Slang English vocab. Английский сленговый словарь. 2012