If you find yourself locked out of Skype due to a lost password, there's no need to worry. Skype offers an easy step-by-step method for recovering and resetting your password that only takes a few minutes.
Skype Password Recovery
Head to Skype's account recovery page and enter the email address or phone number associated with your account. Then, hit Continue. Be sure not to close out the webpage:
An email will be sent to your account with a temporary code.
Once received, copy the temporary code, head back to the webpage, and paste the code into the empty field. Then, hit Submit. If a code was not received, click the Resend code option:
Now, it's time to select a new password. Enter your new password, and then confirm it in the corresponding fields. Be sure to make a note of your new settings so that there are no problems later. Once finished, hit Submit to save your information.