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Tracing is a feature that helps you trace and monitor the execution of your Web pages.
The following links explain more about this feature:
The Basics of ASP.NET Tracing
This is an old MSDN link but still conveys the gist very well.
And one from Scott Mitchell is here:
ASP.NET Tracing article at 4guysfromRolla.com
Here's one on tracing with IIS7.0, which might be useful for those working with .NET 3.5 and ASP.NET 3.5.
Troubleshooting failed requests with IIS 7.0
From MSDN Magazine:
How Do I implement tracing in an ASP.NET Web site?
Debugging and Tracing
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live-searching for answers to common "How To" questions. There's piles of fantastic community-created and MSFT-created content out there, but if it's not found by a search engine and the right combination of keywords, it's often lost.
The ASP.NET Wiki articles moved to CodeProject in October 2013 and will live on, loved, protected and updated by the community.