How to create a password reset disk in Windows 7:
First Connect USB flash drives to system on your Windows 7 machine.
Then Click Start button --> Control Panel --> User Accounts--> In the left pane of the User Accounts window, click "Create a password reset disk" link --> Click next button and then select Removable Disk in the Forgotten Password Wizard --> In the next step, enter your current User Account password --> then click next to create the password reset disk --> To finish it by clicking next button.