The Showplan XML for Query Compile profiler event in SQL Server can be very helpful when you see a lot of SPIDs in SQL Server 2005 waiting for Resource Semaphore Query Compile waits. 

RESOURCE_SEMAPHORE_QUERY_COMPILE waits: 

A large number of waits of type RESOURCE_SEMAPHORE_QUERY_COMPILE indicates a large number of concurrent compiles. In SQL Server 2005 we limit the number of compiles than can start at any given time to prevent the following scenario: a large number of compilations are initiated and memory partially allocated. A large percentage of queries land up being suspended (waiting) for resources to complete compilation, eventually timing out and releasing memory allocated to them. 

select * from sys.dm_exec_requests 

where wait_duration_ms <> 0 order by wait_duration_ms desc

If you see a large number of Session IDs waiting on this wait type, then it is time to identify which queries on your server are causing large amount of memory. In this post, I shall not talk in detail about what conditions lead to this kind of wait. However, some information can be found in this blog post by the SQL Dev team: 

http://blogs.msdn.com/sqlprogrammability/archive/2007/01/21/2-0-diagnosing-plan-cache-related-performance-problems-and-suggested-solutions.aspx 

You can also use this query to identify all the queries on the server instance waiting during Compilation: 

select sp.*, st.text from sys.sysprocesses sp CROSS APPLY sys.dm_exec_sql_text(sp.sql_handle) AS st WHERE sp.lastwaittype LIKE 'RESOURCE_SEMAPHORE_QUERY_COMPILE%' ORDER BY sp.waittime DESC;

In brief, the two conditions that can lead to this issue are: 

1. Multiple large ad-hoc queries being submitted (from the application) to the engine which leads to a compilation every time. 

2. A single large query being submitted to the engine which is throttling the execution of all other queries. 

You can use a server side profiler trace to collect a trace with the Showplan XML for Query Compile Event. 

Once you have the profiler trace with you, you need to load the profiler trace into a database table using the query below. 

select identity(int,1,1) as rownumber,* into xmltraceall from fn_trace_gettable ('<location of the trace file>',default where eventclass = 168

The Eventclass filter will only import the Showplan XML for Query Compile events into the database table. After that would need to run the query below to get the compile memory statistics for the queries running on your instance. 

select databasename,objectname,sum(convert(int,substring(textdata, charindex('compilememory', textdata)+len('CompileMemory="'), charindex ('"', textdata, charindex('compilememory', textdata)+len('CompileMemory="'))-(charindex('compilememory', textdata)+len('CompileMemory="'))))) as Total_Compiled_Memory, 

avg(convert(int,substring(textdata, charindex('compilememory', textdata)+len('CompileMemory="'),charindex ('"', textdata, charindex('compilememory', textdata)+len('CompileMemory="'))-(charindex('compilememory', textdata)+len('CompileMemory="'))))) as Avg_Compiled_Memory, 

max(convert(int,substring(textdata, charindex('compilememory', textdata)+len('CompileMemory="'),charindex ('"', textdata, charindex('compilememory', textdata)+len('CompileMemory="'))-(charindex('compilememory', textdata)+len('CompileMemory="'))))) as Max_Compiled_Memory, 

min(convert(int,substring(textdata, charindex('compilememory', textdata)+len('CompileMemory="'), charindex ('"', textdata, charindex('compilememory', textdata)+len('CompileMemory="'))-(charindex('compilememory', textdata)+len('CompileMemory="'))))) as Min_Compiled_Memory, 

count(*) as Counts 

from xmltraceall 

group by databasename,objectname 

order by 3 desc

Alternatively, on the server, you can use the query below to get details of the queries causing havoc on your SQL Server instance: 

WITH XMLNAMESPACES ('http://schemas.microsoft.com/sqlserver/2004/07/showplan' AS sp) Select stmt.stmt_details.value('(./sp:QueryPlan/@CompileMemory)[1]', 'bigint') as compile_memory_kb, 

stmt.stmt_details.value('(./sp:QueryPlan/@CompileTime)[1]', 'bigint') as compile_time_ms, 

stmt.stmt_details.value('(./sp:QueryPlan/@CompileCPU)[1]', 'bigint') as compile_cpu_ms, 

stmt.stmt_details.value('(./sp:QueryPlan/@CachedPlanSize)[1]', 'bigint') as CachePlanSize, 

p.objname, replace (replace (stmt.stmt_details.value('@StatementText', 'nvarchar(max)'), CHAR(10), ' '), CHAR(13), ' ') as query_text 

from (select cast (t.query_plan as Xml) showplan,t.dbid ,t.objectid, OBJECT_NAME (t.objectid, t.dbid) 'objname' from sys.dm_exec_cached_plans p1 cross apply sys.dm_exec_text_query_plan (plan_handle,DEFAULt,DEFAULT) t) as p 

cross apply showplan.nodes('//sp:StmtSimple') as stmt (stmt_details) 

order by 3 desc, 1 desc

However, please be advised that this is quite an expensive query and can cause additional performance issues on the server. I would suggest using the server side profiler trace method.