Rename The Recycle Bin
To change the name of the Recycle Bin desktop icon, open Regedit and go to:
HKEY_CLASSES_ROOT/CLSID/{645FF040-5081-101B-9F08-00AA002F954E}and change the name “Recycle Bin” to whatever you want.
STEPS:-
1.go to Run
2.type regedit and press enter
3.in the registery window navigate to the path given above
4.on rght hand side change the string name from recycle bin to anything.
e.g I have put it Trash
Works for Windows XP