How to play a video backwards in Sony Vegas

Question: 

I want to play a portion of my video project backwards in Sony Vegas. How to do this?

Answer: 

Playing the clip backwards is easy in Sony Vegas. To play an event backwards, or reverse the clip others might say, select the event on the timeline and right-click it.

Next, press the Reverse option from the context menu and wait a couple of seconds for Vegas to complete the task for you. After the clip is reversed, a tiny left-arrow will appear alongside the modified event.

That's it! Your clip is now being played backwards.

This trick applies to all versions of Sony Vegas, including the Movie Studio edition.