diff --git a/README b/README
index 926bf7b8..fd4dac90 100644
--- a/README
+++ b/README
@@ -104,8 +104,6 @@ Makefile.local:
   USE_INTERNAL_SPEEX - build internal speex library instead of dynamically
                        linking against system libspeex
   USE_FREETYPE       - enable FreeType support for rendering fonts
-  USE_OLD_VM64       - use Ludwig Nussel's old JIT compiler implementation
-                       for x86_64
   USE_INTERNAL_ZLIB  - build and link against internal zlib
   USE_INTERNAL_JPEG  - build and link against internal JPEG library
   USE_INTERNAL_OGG   - build and link against internal ogg library