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

* Click on Start button
* Go to Run and Type " regedit.exe"
* In regedit editor Browse 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".

Close registry editor and restart your computer. From now you will find option to rename Recycle name after right clicking on Recycle Bin Icon.
You can change new name as you wish