How to rename the Microsoft Windows Recycle Bin.(tested by me)

1. Click Start / Run
2. Type regedit and press enter.
3. Open the HKEY_CLASSES_ROOT folder
4. Open the CLSID folder
5. Open the {645FF040-5081-101B-9F08-00AA002F954E} folder
6. Open the ShellFolder folder
7. Change the "Attributes" data value from "40 01 00 20" to "50 01 00 20". Once completed change the "CallForAttributes" dword value to "0x00000000" (double-click and change value data to 0). You must change both of these values to get the rename to appear.

After performing the above steps you will be able to rename the icon like any other icon. Right-click the Recycle Bin icon on the desktop and click Rename and rename it to whatever you wish.