While browsing I came across a very useful program.This program lets you close all running applications in Windows XP/Windows 7 with just a single click. It doesn't use system resources because it only flashes a ‘close’ signal to all open applications on the desktop and then ceases. Just create a shortcut to the tool in the Start Menu, Quick Launch or elsewhere.
Close All on Windows XP Quick Launch
You can always add a hotkey to this shortcut. It is really very handy if you are running ~20 applications and want them all to quit instantly. It works just as if you were pressing the close button for each application.
Close All on Windows 7 Taskbar/Superbar
Close All Windows is a very simple utility that doesn’t require installation. No settings are stored in the Windows Registry or file system. Just follow the steps below to set it up on your computer.
Open the extracted folder, right-click CloseAll.exe and choose Send To -> Desktop (create shortcut) from the context menu.
Switch to the Desktop and rename the created shortcut to “Close All” or whatever you want.
Now you can drag this shortcut to the Quick Launch Bar or to the Windows 7 Taskbar for quick access.