Does a yellow light on a ps3 mean it's dead?

I was playing MC when a yellow light came on and the ps3 went beeb beeb beeb and shut down it is 10 years old do I just toss it? Please help I want to see if it will still work I can't get my minecraft game disc out of there

Its kind of gone. The yellow light of death is very similar to a red ring of death. You can fix it, there are a lot of tutorials out there, and at the very least you can take apart the console and get the disc out of it.

I'm afraid so!