can you Rename Recycle Bin and other system icons on the desktop?.But by default you can’t rename the Recycle Bin.It is possible by making few registry changes,but it gives you a lot of confusion and troubles.
But Here is a free tool called Desktop Renamer which helps you rename icons you can rename Recycle Bin, My Computer, My Documents and My Network Places without any manual registry changes.

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Just download [160k] the free utility and unzip this utilit.you will see simple interface as shown in image above. Enter new names of respective icons.
If you want to revert back the settings simply you can click on the “Reset All” button.
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Click Here To DOWNLOAD Desktop Renamer