It's a bit of a cliche - the youngsters gathering around an alter chossid at a farbrengen hearing stories of how things were in the "olden days". These recollections become all the more precious as the older people in the community move on from this world, which is why projects that collect this history are so important. As the older generation pass on, the role of alter chossid also shifts forward a generation, which sometimes seems odd to people of my vintage.
What was even more strange was the discussion that came up last Simchas Torah at the kiddush/farbrengen we traditionally hold in our home.