How to Rename the Recycle Bin

You can't right-click on the Recycle Bin and rename it Bit Bucket or Trash Heap.
To enable rename or delete:

Click Start menu > Run > and type "regedit" (without quotes), to run Windows Registry Editor.

Step 1

Step 2

Step 3

Find and go to following:
HKEY_CLASSES_ROOT\CLSID\{645FF040-5081-101B-9F08-00AA002F954E}\ShellFolder

Step 4

Step 5

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Step 7

3.Now change the values in the file mentioned below according to your choice.
Name: Attributes
Type: REG_DWORD
Value: 40010020 default - can't rename or delete
Value: 50010020 enable right-click Rename icon option
Value: 60010020 enable right-click Delete icon option
Value: 70010020 enable right-click Rename or Delete icon option.

Step 8

Now change the value highlighted with red shown above to whichever action you would like to do. The values corresponding to the action are given above.

Another way is, if u don't want the options to display and simply want to rename the recycle bin:

1.Click Start menu > Run > and type "regedit" (without quotes), to run Windows Registry Editor.

2.Find and go to following "HKEY_CLASSES_ROOT/CLSID/{645FF040-5081-101B-9F08-00AA002F954E}"

3.Change the name "Recycle Bin" to whatever you want.

Please Note :Incorrectly editing the registry may severely damage your system.