diff --git a/mysql-test/r/explain.result b/mysql-test/r/explain.result
index 742dc5ae49d..ee3a4ba3387 100644
--- a/mysql-test/r/explain.result
+++ b/mysql-test/r/explain.result
@@ -155,3 +155,18 @@ id	select_type	table	type	possible_keys	key	key_len	ref	rows	filtered	Extra
 Warnings:
 Note	1003	select 1 AS `1` from (select count(distinct `test`.`t1`.`a`) AS `COUNT(DISTINCT t1.a)` from `test`.`t1` join `test`.`t2` group by `test`.`t1`.`a`) `s1`
 DROP TABLE t1,t2;
+#
+# Bug#37870: Usage of uninitialized value caused failed assertion.
+#
+create table t1 (dt datetime not null);
+create table t2 (dt datetime not null);
+insert into t1 values ('2001-01-01 1:1:1'), ('2001-01-01 1:1:1');
+insert into t2 values ('2001-01-01 1:1:1'), ('2001-01-01 1:1:1');
+flush tables;
+EXPLAIN SELECT OUTR.dt FROM t1 AS OUTR WHERE OUTR.dt IN (SELECT INNR.dt FROM t2 AS INNR WHERE OUTR.dt IS NULL );
+id	select_type	table	type	possible_keys	key	key_len	ref	rows	Extra
+1	PRIMARY	OUTR	ALL	NULL	NULL	NULL	NULL	2	Using where
+2	DEPENDENT SUBQUERY	INNR	ALL	NULL	NULL	NULL	NULL	2	Using where
+SELECT OUTR.dt FROM t1 AS OUTR WHERE OUTR.dt IN (SELECT INNR.dt FROM t2 AS INNR WHERE OUTR.dt IS NULL );
+dt
+drop tables t1, t2;
diff --git a/mysql-test/r/view.result b/mysql-test/r/view.result
index a0af9fdcf1d..90530462732 100644
--- a/mysql-test/r/view.result
+++ b/mysql-test/r/view.result
@@ -3672,6 +3672,8 @@ DROP VIEW v1;
 
 # -- End of test case for Bug#35193.
 
+CREATE VIEW v1 AS SELECT 1;
+DROP VIEW v1;
 # -----------------------------------------------------------------
 # -- End of 5.0 tests.
 # -----------------------------------------------------------------
diff --git a/mysql-test/t/explain.test b/mysql-test/t/explain.test
index 0247aca82df..e94f6d4d87d 100644
--- a/mysql-test/t/explain.test
+++ b/mysql-test/t/explain.test
@@ -123,4 +123,16 @@ execute s1;
 
 DROP TABLE t1,t2;
 
+--echo #
+--echo # Bug#37870: Usage of uninitialized value caused failed assertion.
+--echo #
+create table t1 (dt datetime not null);
+create table t2 (dt datetime not null);
+insert into t1 values ('2001-01-01 1:1:1'), ('2001-01-01 1:1:1');
+insert into t2 values ('2001-01-01 1:1:1'), ('2001-01-01 1:1:1');
+flush tables;
+EXPLAIN SELECT OUTR.dt FROM t1 AS OUTR WHERE OUTR.dt IN (SELECT INNR.dt FROM t2 AS INNR WHERE OUTR.dt IS NULL );
+SELECT OUTR.dt FROM t1 AS OUTR WHERE OUTR.dt IN (SELECT INNR.dt FROM t2 AS INNR WHERE OUTR.dt IS NULL );
+drop tables t1, t2;
+
 # End of 5.0 tests.
diff --git a/mysql-test/t/view.test b/mysql-test/t/view.test
index 7db1a693a93..05aa76d492d 100644
--- a/mysql-test/t/view.test
+++ b/mysql-test/t/view.test
@@ -3556,6 +3556,15 @@ DROP VIEW v1;
 
 ###########################################################################
 
+#
+# Bug#39040: valgrind errors/crash when creating views with binlog logging 
+# enabled
+#
+# Bug is visible only when running in valgrind with binary logging.
+CREATE VIEW v1 AS SELECT 1;
+DROP VIEW v1;
+
+
 --echo # -----------------------------------------------------------------
 --echo # -- End of 5.0 tests.
 --echo # -----------------------------------------------------------------
diff --git a/sql/item_cmpfunc.cc b/sql/item_cmpfunc.cc
index bd6065c9403..cefa479fea6 100644
--- a/sql/item_cmpfunc.cc
+++ b/sql/item_cmpfunc.cc
@@ -413,10 +413,11 @@ static bool convert_constant_item(THD *thd, Item_field *field_item,
     thd->count_cuted_fields= CHECK_FIELD_IGNORE;
 
     /*
-      Store the value of the field if it references an outer field because
+      Store the value of the field/constant if it references an outer field because
       the call to save_in_field below overrides that value.
+      Don't save value of the field for EXPLAIN since it's not initialized.
     */
-    if (field_item->depended_from)
+    if (field_item->depended_from && (!thd->lex->describe || field_item->const_item()))
       orig_field_val= field->val_int();
     if (!(*item)->is_null() && !(*item)->save_in_field(field, 1))
     {
@@ -427,7 +428,7 @@ static bool convert_constant_item(THD *thd, Item_field *field_item,
       result= 1;					// Item was replaced
     }
     /* Restore the original field value. */
-    if (field_item->depended_from)
+    if (field_item->depended_from && (!thd->lex->describe || field_item->const_item()))
     {
       result= field->store(orig_field_val, TRUE);
       /* orig_field_val must be a valid value that can be restored back. */
diff --git a/sql/sql_view.cc b/sql/sql_view.cc
index 87b073af078..83e8d5907cf 100644
--- a/sql/sql_view.cc
+++ b/sql/sql_view.cc
@@ -816,13 +816,24 @@ static int mysql_register_view(THD *thd, TABLE_LIST *view,
   DBUG_PRINT("info", ("View: %s", view_query.ptr()));
 
   /* fill structure */
-  view->select_stmt.str= view_query.c_ptr_safe();
-  view->select_stmt.length= view_query.length();
   view->source= thd->lex->create_view_select;
 
+  if (!thd->make_lex_string(&view->select_stmt, view_query.ptr(),
+                            view_query.length(), false))
+  {
+    my_error(ER_OUT_OF_RESOURCES, MYF(0));
+    error= -1;
+    goto err;   
+  }
+
   view->file_version= 1;
   view->calc_md5(md5);
-  view->md5.str= md5;
+  if (!(view->md5.str= (char*) thd->memdup(md5, 32)))
+  {
+    my_error(ER_OUT_OF_RESOURCES, MYF(0));
+    error= -1;
+    goto err;   
+  }
   view->md5.length= 32;
   can_be_merged= lex->can_be_merged();
   if (lex->create_view_algorithm == VIEW_ALGORITHM_MERGE &&
@@ -949,8 +960,13 @@ loop_out:
   lex_string_set(&view->view_connection_cl_name,
                  view->view_creation_ctx->get_connection_cl()->name);
 
-  view->view_body_utf8.str= is_query.c_ptr_safe();
-  view->view_body_utf8.length= is_query.length();
+  if (!thd->make_lex_string(&view->view_body_utf8, is_query.ptr(),
+                            is_query.length(), false))
+  {
+    my_error(ER_OUT_OF_RESOURCES, MYF(0));
+    error= -1;
+    goto err;   
+  }
 
   /*
     Check that table of main select do not used in subqueries.