Have a newer OS? For those running 10.6 or above, I have created a newer (simpler) video guide - • Reset Any Mac OS X Password without A...
Process 1 -
mount -uw /
launchctl load /System/Library/LaunchDaemons/com.apple.DirectoryServices.plist
ls /Users
dscl . -passwd /Users/username password
reboot
Process 2 -
mount -uw /
rm /var/db/.AppleSetupDone
shutdown -h now
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Watch video Forgot your Mac Password? Reset it Without Losing Data nor Install Disc (OS X 10.5 and older) online without registration, duration hours minute second in high quality. This video was added by user Snazzy Labs 23 April 2011, don't forget to share it with your friends and acquaintances, it has been viewed on our site 2,190,432 once and liked it 11 thousand people.