It's a missing texture coordinate for a UV texture that the PC version screwed up. It's part of the original PC port -_-
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those fucking idiots really got careless with this game , to think that it is the best of the final fantasy saga, as i said in another post, they basically got careless because final fantasy 8 isn't the classic rpg game based on the medieval period, so yeah , that's the reason for all the technical flaws , and it is the reason why the steam version of final fantasy 9 don't need any graphical modification , because you know, final fantasy 9 is essentially the interactive version of a damn classic fairy tale, so they considered it worthy of their passion o.O