I'm looking at some folders right now. Physical manila folders, three of them in fact. I have one labeled "Bank Statements", another one "Health Care" and a third one "Car file". When I receive a bank statement, I stuff it into the back of the "Bank Statements" folder---I don't "name" the statement, it just exists with enough information on it (dates, "page 1 of 3", etc) to find what I'm looking for. Same for the other two, although for the car, it contains not only insurance receipts but maintenance receipts, tire receipts, etc., roughly in chronological order. The order of the folders themselves changes---whatever was last used is usually in/on top. And they're placed spatially---just to the right of my computer.
I do have other physical folders, just stored in three plastic bins in the closet. The bins are unlabeled, but I know what each one contains just by glancing at the contents and from there, knowing that my old computer science articles I want to keep folder is in the middle of this particular bin. Again, most of the folders are unlabeled/mislabeled but that doesn't matter to me because I know.
A filesystem can't quite replicate this spatial or looks feature of physical folders. There are also restrictions on what you can name a folder or file. For instance, I might want to name a file "Foo Inc. Invoice, Project: Snafu 3/19" but I can't---on Unix and Windows, the '/' is forbidden, on Classic Mac OS, the ':' is forbidden. Yes, I could place it in the "invoice" folder, or maybe the "projects" folder, or maybe the "foo" folder (or all three with hard/soft links) but now there's some cognitive overhead of just remembering where (unless I use links, but that's a weird thing with no real world counterpart, a physical folder can't exist in three different locations).
The spatial thing is important (but it could be just important for me). I've been using a virtual desktop on Linux for nearly 20 years now, in the same 3x3 configuration. The upper left corner is email; the middle right is the browser. Bottom left is a realtime view into system logs. The middle left and middle middle is where I do most of my development. The remaining spots are for overflow or temporary areas. When I got my Mac at work, I set it up with a similar spatial setup [1]. It helps to keep me oriented with what I'm doing.
And yes, I do know and understand the hierarchical file system, but that I still lose track of files from time to time ("I know I did this at one point---where did I put those files?"). I have 1.3 million files in nearly 200,000 folders in my home directory. It's amazing I can find anything at all [2][3].
[1] It's a linear series of 9 screens, but I still treat it as a 3x3 matrix of screens.
[2] A few weeks ago, I wanted to find the original image I used to make the favicon for my website about twenty years ago. I failed, and started a search with Google Image to see if I could find it (since I originally found it on the Internet). No go. A few days ago I found a folder I forgot about and lo', there was the original image.
[3] I also have 3,000 symlinks, three sockets, one named pipe, and 6 "others" (whatever those are).