Originally lathe cuts were used by producers in electronic genres namely jungle/DnB as a way to test yet unreleased tracks on the dance floor. Those records were created in very low numbers and could only survive a handful of plays. As stated here in the comments, producing such records requires a great amount of skill and understanding of the process, as well as understanding the way tracks translate to physical media. TE here again does a great amount of art-washing and Supreme-isation of previously "niche" things for the audience that treats music culture as a costume. A great toy for average Rick Rubin book enjoyer.