Rename the Recycle Bin:

1. Click Start --> Run and type Regedit and hit Enter:
   
2. Now Find the Folder by following the location below:
   HKEY_CLASSES_ROOT/CLSID/{645FF040-5081-101B-9F08-00AA002F954E}/
   
3. Now there will be some string values. Double Click LocalizedString and Put the Name you want.
   
4. Hit F5 to refresh the regedit and then refresh the desktop. Recycle Bin will be renamed.