You can change the name of Recycle Bin of your system if you wish. It is very easy and interesting butit require some changes in windows registry,

1\ First click on Start button > click on Run option

2\ Type here regedit.exe and press enter then you will find there regedit editor

3\ 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

4\ 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.