When Memory Leaks happen in Java

Objects inaccessible by running code but still stored in memory

Class allocates a large chunk of memory (e.g. new byte[1000000]), stores a strong reference to it in a static field, and then stores a reference to itself in a ThreadLocal. Allocating the extra memory is optional (leaking the Class instance is enough), but it will make the leak work that much faster.

Static field holding object reference

class MemorableClass 
{
    static final ArrayList list = new ArrayList(100);
}

Calling String.intern() on lengthy String

String str=readString(); // read lengthy string any source db,textbox/jsp etc..
// This will place the string in memory pool from which you can't remove
str.intern();

Unclosed open streams ( file , network etc… )

try {
    BufferedReader br = new BufferedReader(new FileReader(inputFile));
    ...
    ...
} catch (Exception e) {
    e.printStacktrace();
}

Unclosed connections

try {
    Connection conn = ConnectionFactory.getConnection();
    ...
    ...
} catch (Exception e) {
    e.printStacktrace();
}

The thread clears all references to the custom class or the ClassLoader it was loaded from.