How to : Resetting Windows Password

Tested on: NT 3.51, NT 4 (all versions and SPs), Windows 2000 (all versions & SPs), Windows XP (all versions, also SP2 and SP3), Windows Server 2003 (all SPs), Windows Vista 32 and 64 bit (SP1 also), Window 7 (all variants). Some also say that it works on Windows Server 2008 too..