What does “exec sp_reset_connection” mean in Sql Server Profiler? [duplicate]

Like the other answers said, sp_reset_connection indicates that connection pool is being reused. Be aware of one particular consequence!

Jimmy Mays’ MSDN Blog said:

sp_reset_connection does NOT reset the
transaction isolation level to the
server default from the previous
connection’s setting.

UPDATE: Starting with SQL 2014, for client drivers with TDS version 7.3 or higher, the transaction isolation levels will be reset back to the default.

ref: SQL Server: Isolation level leaks across pooled connections

Here is some additional information:

What does sp_reset_connection do?

Data access API’s layers like ODBC,
OLE-DB and System.Data.SqlClient all
call the (internal) stored procedure
sp_reset_connection when re-using a
connection from a connection pool. It
does this to reset the state of the
connection before it gets re-used,
however nowhere is documented what
things get reset. This article tries
to document the parts of the
connection that get reset.

sp_reset_connection resets the
following aspects of a connection:

• All error states and numbers
  (like @@error)

• Stops all EC’s (execution contexts)
  that are child threads of a parent EC
  executing a parallel query

• Waits for any outstanding I/O
  operations that is outstanding

• Frees any held buffers on the
  server by the connection

• Unlocks any buffer resources
  that are used by the connection

• Releases all allocated memory
  owned by the connection

• Clears any work or temporary
  tables that are created by the
  connection

• Kills all global cursors owned by the
  connection

• Closes any open SQL-XML handles that are open

• Deletes any open SQL-XML related work tables

• Closes all system tables

• Closes all user tables

• Drops all temporary objects

• Aborts open transactions

• Defects from a distributed transaction when enlisted

• Decrements the reference count
  for users in current database which
  releases shared database locks

• Frees acquired locks

• Releases any acquired handles

• Resets all SET options to the default values

• Resets the @@rowcount value

• Resets the @@identity value

• Resets any session level trace
  options using dbcc traceon()

• Resets CONTEXT_INFO to NULL in SQL Server 2005 and newer _{[ not part of the original article ]}

sp_reset_connection will NOT reset:

• Security context, which is why
  connection pooling matches connections
  based on the exact connection string

• Application roles entered using sp_setapprole, since application roles could not be reverted at all prior to SQL Server 2005. Starting in SQL Server 2005, app roles can be reverted, but only with additional information that is not part of the session. Before closing the connection, application roles need to be manually reverted via sp_unsetapprole using a “cookie” value that is captured when sp_setapprole is executed.

Note: I am including the list here as I do not want it to be lost in the ever transient web.