I think you might have a bit too much nostalgia (or maybe we just had very different experiences), but I remember Mac OS 8/8.6 crashing a lot, with the dreaded bomb icon.
Everyone I knew with an iMac had a toothpick or paper clip in the top handle, due to how common they needed to press the reset hole.
At the time my father used to edit a local news paper in PageMaker and it was particularly bad.
Reset holes for paper clips? I can't remember any of my Macs having a reset hole like you describe. In any case, I never had to use one. There was a key combo for resetting the OS.
Everyone I knew with an iMac had a toothpick or paper clip in the top handle, due to how common they needed to press the reset hole.
At the time my father used to edit a local news paper in PageMaker and it was particularly bad.