Aja defines the Satanic panic as 2 separate but connected things. First, a specific era in the 80s and 90s where moral hysteria spread and court cases about satanic ritual abuse lead to the very real imprisonment of innocent people. Second, the Santanic Panic is a mode of thought, a moral panic, whose framework continues to exist and sway legislation and public opinion to this day. 
To support The Wind, become a patron at www.patreon.com/thewindSubscribe at thewind.org