Your name goes on every change you save, so the team can see who did what.
It goes back to the pool so someone else can pick it up. Your work is kept, and the next person continues from where you stopped. Nothing is deleted.
All the work people did on this clip is wiped out and it goes back to the machine's first draft:
Kept: the clip's history, the lead's review notes and who it is reserved for. A backup is saved, so an admin can undo it. It takes a few minutes.
This takes a few minutes. Keep this page open and don't click Reset again: the clip is not reset until this box says so.
If you change it, it needs approving again before it can go to the client.
The work already done stays on the clip, and the person you pick continues from it.