Explosive events are highly energetic, small-scale phenomena which are frequently detected throughout the quiet and active Sun. They are seen in profiles of spectral lines formed at transition zone temperatures as exceptionally Doppler-shifted features, typically at 100 km s-1 to the red and/or blue of the rest wavelength. Sufficient observational evidence has now been developed to demonstrate that some explosive events are associated with the emergence of new magnetic flux. In these cases it is likely that the acceleration of plasma is caused by the magnetic reconnection resulting from flux emergence. We take as a working hypothesis the proposal that all explosive events are the result of magnetic reconnection. Since explosive events tend to occur on the edges of high photospheric magnetic field regions, we identify them with reconnection that occurs during the cancellation of photospheric magnetic flux (Martin, 1984; Livi et al., 1985). The combined observational characteristics of photospheric flux cancellation and transition zone explosive events provide powerful diagnostic information concerning the nature of magnetic reconnection. Reconnection in the quiet solar atmosphere apparently proceeds in bursts at sites much smaller than the boundary between opposite polarity flux elements that are observed to cancel in magnetograph sequences. Equating the velocity of the expelled transition zone plasma with the Alfv¿n speed yields magnetic field strengths of 20 G at the site of reconnection. The speed at which the reconnection proceeds is commensurate with the rapid rates predicted by Petschek (1964). ¿1991 American Geophysical Union