Abstract: An erasable label kit for a video cassette, a computer floppy disk and the like is provided and consists of a plurality of durable permanent reusable self adhesive polyester film labels each of which is placed onto one video cassette or computer floppy disk, a dry-erase marker pen for placing indicia on each of the labels, an eraser having polyester pile fabric for easily removing the indicia and a container for holding the labels, pen and eraser. The container is shaped similar to the video cassette so that it can be stored alongside other cassettes to be easily accessible.