hahah.. well this IS a security site.. so we are preety much into securing our boxes than exploiting them.. but since your question is just child's play..

Password Generator is a software that generates passwords for certain softwares they are mainly developed by crackers who preety know much about disassembling programs and extracting passwords.

Word.. 99% of password generators are a joke...

Key Generators on the other hand, gives you registration keys for softwares so you can register the software you downloaded w/o paying for it.

Most Key Generators do work.. some are just a joke..

Seriously.. Dont bother using password generators since to most of us here.. they are just some sort of urban legends.. not real..

though i would recomend www.astalavista.com and www.elitehackers.com and http://blacksun.box.sk if you wish to read tutorials..

maybe you can increase your level and learn to do things w/o the aid of any scripts and softwares like bruteforce, trojans and password generators. (which 20% of us here in AO can do..) just pure protocols...

Then its up to you whether you will use that gift for good or bad..

Remember, "With great powers comes great responsibilities..."
Dont 4get that...