Definition of Reverse engineering:
Reverse engineering is taking apart an object to see how it works in order to duplicate or enhance the object. The practice, taken from older industries, is now frequently used on computer hardware and software. Software reverse engineering involves reversing a program's machine code (the string of 0s and 1s that are sent to the logic processor) back into the source code that it was written in, using program language statements.
Software reverse engineering is done to retrieve the source code of a program because the source code was lost, to study how the program performs certain operations, to improve the performance of a program, to fix a bug (correct an error in the program when the source code is not available), to identify malicious content in a program such as a virus or to adapt a program written for use with one microprocessor for use with another. Reverse engineering for the purpose of copying or duplicating programs may constitute a copyright violation. In some cases, the licensed use of software specifically prohibits reverse engineering.
Someone doing reverse engineering on software may use several tools to disassemble a program. One tool is a hexadecimal dumper, which prints or displays the binary numbers of a program in hexadecimal format (which is easier to read than a binary format). By knowing the bit patterns that represent the processor instructions as well as the instruction lengths, the reverse engineer can identify certain portions of a program to see how they work. Another common tool is the disassembler. The disassembler reads the binary code and then displays each executable instruction in text form. A disassembler cannot tell the difference between an executable instruction and the data used by the program so a debugger is used, which allows the disassembler to avoid disassembling the data portions of a program. These tools might be used by a cracker to modify code and gain entry to a computer system or cause other harm.
This is where OllyDbg comes in.
this is a debugger
link for download (i will upload also):