Well, the results are in. Hemi57, first off thank you for your reply on this subject. I do appreciate it. Having said that, this method didn't work that well. I used a couple of ice cubes in the dented area and let it soak in over night. In the morning I vacuumed and while it did look better, it didn't look 100% better. I got this tip from another website and it worked great. I would recommend this method to anyone.
"When furniture is moved, it often leaves a dent on the carpet. This can be rectified by simply running an iron over a wet white cloth laid over the mark. After around 15 seconds or so, lift the cloth off. The steam should have lifted the pile back up to its original height."