I forgot my password on my ipod touch

Here's a guide to help you backup password locked iPhone. I think it also works on an iPod touch 5.
How to Backup Locked iPhone

Do you mean the password for your iPod or your apple account? If it's your apple account you can go through apple's website and retrieve your username and/or reset your password
My Apple ID

If it's your iPod password you forgot, then unfortunately you will need to reset your device and delete everything on it to get it working again. Here's a link to do just that:
How to Reset Forgotten Password on iPod touch

If you forgot your passcode you can't reset the password. You can reinstall you ipod from itunes and start from scratch. If you happen to have a backup in itunes back from when your password was known or not set you can try to revert your ipod to that backup.

Best practice for passwords: Do use one or someone might set one for you you don't know (usually a bad troll) and don't tell anyone your password for the same reason :)

try this :
first close your ipod touch
then press home and power button for about ten secounds then the ipod will be reset
BE CAREFULL ALL YOUR DATA WILL BE LOST !!!!!

how do i reset my ipod

the easiest way is to restore it this will reset the password: http://www.ehow.com/how_2249655_restore-ipod-touch.html

connect to computer go on itunes click restore ipod

plug it into your computer and through itunes on your original computer you will be able to reset it. If it is not the original computer that you are using you will be able to reset it but will probably lose the information on it.

You will need to do a 'Hard reset' !
This is how the the procedure goes for the ipod touch:
- While plugged into ITunes, Hold down the power and home keys down for 10+ seconds. - - Screen will go black
- Release the power button but keep holding the home key until itunes says 'We have detected an itouch in recovery mode'
- Restore as normal via iTunes

Hope it helps!

connect it to itunes and do a reset and then restore your music etc and it should be fine - there is no way that I am aware of to recover it aside from resetting / restoring your ipod