Many InnoDB mutexes and rw-locks are reserved for a short amount of time. On a multi-core system, it is often more efficient for a thread to actively poll a mutex or rw-lock for a while before sleeping. If the mutex or rw-lock becomes available during this polling period, the thread may continue immediately, in the same time slice. Alas, if a shared object is being polled too frequently by multiple threads, it may result in “cache ping-pong”, the shipping of cache lines between processors. InnoDB tries to avoid this by making threads busy, waiting a random time between subsequent polls. The delay is implemented as a busy loop.
Starting with InnoDB Plugin 1.0.4, it is possible to
    control the maximum delay between sampling a mutex or rw-lock
    using the new parameter innodb_spin_wait_delay. In the
    100 MHz Pentium era, the unit of delay used to be one
    microsecond. The duration of the delay loop depends on the C
    compiler and the target processor. On a system where
    all processor cores share a fast cache memory, it might be useful
    to reduce the maximum delay or disable the busy loop altogether by
    setting innodb_spin_wait_delay=0. On a system
    that consists of multiple processor chips, the shipping of cache
    lines can be slower and it may be useful to increase the maximum
    delay.
The default value of innodb_spin_wait_delay is
    6. The spin wait delay is a dynamic,
    global parameter that can be specified in the MySQL option file
    (my.cnf or my.ini) or
    changed at runtime with the command SET GLOBAL
    innodb_spin_wait_delay=,
    where delaydelaySUPER privilege.
This is the User’s Guide for InnoDB Plugin 1.0.6 for MySQL 5.1, generated on March 4, 2010 (rev 673:680M).

