I was playing a game last evening and suddenly my Firefox in the background crashed - with, believe it or not - with the error "no free memory". Launching it again after closing it didn't help. So then i started looking into the task manager and noticed the process "Windows Audio Device Graph Isolation" taking in over 6 GB of RAM and CPU at over 20%. I felt that kind of weird. On further research I realized there is some kind of bug/memory issue in this app that was making it hog up memory.
For comparision this software is supposed to have less than 5% of CPU and barely a few MB of memory during active use.

And I realized we cannot kill this process since the program (audiodg.exe) is needed for windows to output sound to any device. Disabling the sound effects was the only way I could get this program back to usable levels.

Turning this off got rid of the problem for this, atleast thus far.