To change the name of the Recycle Bin desktop icon

 

Go To Start --> Run or use Win+R keys and type 

"Regedit"

and go to:

HKEY_CLASSES_ROOT/CLSID/{645FF040-5081-101B-9F08-00AA002F954E} 

and change the name "Recycle Bin" to whatever you want (don't type any quotes).