If you are into domaining and used Godaddy as your domain registrar than you must be aware of this unique policy that in case if you change the registrant information of a particular domain registered at Godaddy than that domain will be locked out or will not be eligible for transfer for the period of next 60 days. This means you will be totally stuck if it had happened to you within the last 60 days of the expiration of your domain. This means you will not be able to transfer the domain to some another registrar and will have to renew this domain at Godaddy at their high price. And also take into note that this is not a policy or a security feature proposed by ICANN instead Godaddy claim it as their own security feature which they had implemented to to reduce domain frauds.
But now it is possible to bypass this lock by writing an email to Godaddy. After this they will revert any change in the registrant information which you had made and was responsible for the locking of domain. After this step your domain will be ready to be transferred out.
This feature will definitely help those legitimate users out there who want to get rid of Godaddy. But at the end of the day this feature is still useless and a hassle to lot of Godaddy users.