This effect mimics exactly what it says, old black and white film.
Features: - Animated noise - Animated grain - Flickering - Unstable image - Softness control
Note that this effect scales to the resolution and framerate you apply it to. For the best results, 15fps at 25% HD is recommended!
Use entirely at your own risk.
UPDATE: For RGB, import the RGB version and follow the same steps and adjust softness if needed.