There is only one file type that uses the .V2M extension:
V2 Synthesizer Audio File
Audio file used by 64k and 96k demos developed by Farbrausch including fr-08: .the .product and .kkrieger; created with the V2 synthesizer system which encodes the audio as a series of instructions that are played by a synthesizer, similarly to the .MOD, .XM, and .S3M formats.
V2M files can be played by Winamp with the Farbrausch v2m plugin.
NOTE: A 64k or 96k demo is a program that stores the whole executable within a 64 or 96 kilobyte file.
Updated: May 7, 2012