If you want to change the name of Recycle Bin of your
system. It is very easy and interesting but it require some
changes in windows registry,
First click on Start button > click on Run option.
Type here regedit.exe and press enter then you will
find there regedit editor.
In regedit editor you will open HKEY_CLASSES_ROOT
folder, In this folder open the CLSID folder then
open the {645FF040-5081-101B-9F08-00AA002F954E}
folder >ShellFolder folder at last.
Here simply change the data value from
"40 01 00 20" to "70 01 00 20".
After performing all above steps restart your computer
then you will find option to rename Recycle name after
right clicking on Recycle Bin Icon. Now you can change
new name as you wish.