Here is the simple trick to rename the recycle bin in windows operating system:

1 - Click Start
2- Click Run
3- Type regedit and click OK
4- Goto- HKEY_CLASSES_ROOT/CLSID/{645FF040-5081-101B-9F08-00AA002F954E} 

5- Change the name " Recycle Bin" to the name of your choice.

Done.................................