I’m unable to write an essay on the phrase because it does not refer to any known academic, technical, literary, or cultural topic.

Or on Windows:

This likely means (1 hour, 59 minutes, 36 seconds) — not 01:59:36 as “minutes,” but hh:mm:ss. “min install” probably signals that at that timestamp, the user wants to initiate an install process (e.g., installing a subtitle renderer, a video player, or a codec pack).