So you have a comic or a novel that you just published and you reached the third sequel but now you hate everything about the second book. What do you do? Well a Story-Reset of course! This trope is used often to do a Soft Reset of current events in order to do them over or change the outcome of the 'current' time line.
This trope allows you to go back a few pages or even a novel or two and rewrite the story after it has already been seen or published and either replace it with a brand new story or to change the original outcome while not being forced into doing a full Continuity Reboot. Basically keeping the previous stories and merely changing/rewriting the most current.
Some Tabletop gamers also have soft-resets like this which erase only one or two stories of play and go back to a previous point allowing different actions to be taken or different paths to be accepted in story telling. Similar to using a video game's Soft Reset or Save Scumming but in book or story format. Sometimes it's even present in such media.
Sometimes can overlap with Continuity Reboot in some ways, although a Continuity Reboot will often wipe out all of the current story and goes back to square 1; a Story Reset only wipes it back so far to a particular point saying previous stories are still canon and can sometimes cause Ret Gone when characters introduced after a certain point are no longer present.
- In Persona 2 we have Innocent Sin & Eternal Punishment with Innocent Sin taking place first with a Bad Ending then following the story with Eternal Punishment allowing you to restart the story with a different protagonist and get the Good Ending.
- Chrono Trigger has Chrono killed off and forces the party to go through a journey to resurrect the hero which in a sense resets the story from Chrono no longer existing to a new timeline.
- Trinton Chronicles has done this more then once in it's long running history; whole story arcs have been eradicated and replaced or the current story has been erased to a point and picked back up.