[MRX37]

Buffyman (1976)
Buffyman II The Long Awaited Sequel: (2005)



The real answer is a bit trickier to figure out.

Wikipedia says:
The first VCR to use VHS was the Victor HR-3300, and was introduced by the president of JVC at the Okura Hotel on September 9, 1976

Obviously this VCR had a movie to play, but as to what that was? Maybe some Japanese promotional video.

As for the last VHS release? That's also tricky to answer. "VHS" was a string of formats that evolved over the years. From what I can find Digital S is the most recent, created in 1995 and seeing use up to at least 2007.

Wikipedia says:
The last film to be released on the VHS format in the United States was Eragon in 2007

Then it says:
Additionally, all of the major Hollywood studios no longer issue releases on VHS. However, there have been a few exceptions. The House of the Devil was released on VHS in 2010 as an Amazon-exclusive deal, in keeping with the film's intent to mimic 1980s horror films.[53]Also, the horror film V/H/S/2 was released as a combo in North America that included a VHS tape in addition to a Blu-ray and a DVD copy on September 24, 2013