How can I recover my Windows Administrator Password?

Episode 1119 (1:00:02)

Laxman from Arizona
Password

Laxman uses Windows 7 as a limited user, but he can't remember his administrator password. How can he recover it? Leo says Lophtcrack was a utility that hackers use to crack the administrator password. But Symantec bought it and killed it.

There's also a utility by PogoStick.net, where he can download a LiveCD.ISO, burn it to a CD and then boot his computer. The utilty will remove the password and let him reset it.