Webmasters have to take care of the links that they place on their websites. Keeping an overview of the links that have been posted and the status of the website that they link to is essential to make the visitors of the website happy and ensure that search engine rankings do not get penalized because of to many broken links.
Websites with thousands of pages make it impossible to manually check links on each and every page. That’s where software programs like Xenu’s Link Sleuth come into play. The software is able to check all links on all pages of a website for broken links and reports them accordingly.
It naturally takes time to check thousands of pages and all the links that point from the to internal and external pages. The software takes good care of everything and offers enough options to configure the link checking process.

The webmaster can enter one or more urls that should get checked for broken links. Those are the starting points and the bot follows all internal links and level 1 external links he can find and reports on their status.
The report can be sorted by status which is also indicated by a color. Green usually means that the link is working while red indicates a broken link.
It is possible to get the properties of every broken link to be able to fix it by either removing it or replacing it with the correct one in case the website the link is pointing to has been moved.
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Excellent tool! :) In case of wordpress blogs requires some initial setup to ignore tag/archive/category/etc pages but after that works like a charm.
Ooops, my website banned me for flooding it after I used this tool.
I am looking for this. Thanks