Usually capacitors, mainly in the switchmode secondary. It's important to replace with low ESR, 105 degree rated caps of high quality.
IMPORTANT: Unplug and do not run the vcr until the caps are replaced. Left unattended, the caps will lead to a failure of the switching transistor, and likely other related parts.
Discharge all the caps before you go to replace them. Even one or two smaller ones may hold 40-50 volts and startle you with a spark, and the larger one in the primary may hold 160 volts or more.