Well I assume it's for srevolution?
Well the password is encrypted and normally you can't decrypt md5. some sites say they can but only the simple common password which have been used at their site.
anyway you could change the reg page to make it readable by removing the md5 function on the password.
BUT if you do this you can't login anymore cause srevolution converts to input to md5 and it checks the 2 md5 strings which aren't the same if you remove it
so basicly you can change the reg page to make it insert an normal non encrypted password but then it's impossible to login. Why is this? well just for security you should never have passwords un encrypted in your database because if someone hacks your database they can't read the password so they can't abuse that thing