Renaming recycle bin isn't the same as renaming the other folders on your Win XP machine, because this option isn't present by default. A bit of tweaking/hacking is required. There are softwares like tweak XP which help you to do this, but it is fun to try this out.
Interesting changes in Windows can be done using the program Regedit.
Here's how you can rename your Recycle bin....

1. Click Start / Run
2. Type regedit and press enter.
3. Open the HKEY_CLASSES_ROOT folder
4. Open the CLSID folder
5. Open the {645FF040-5081-101B-9F08-00AA002F954E} folder
6. Open the ShellFolder folder
7. Change the "Attributes" data value from "40 01 00 20" to "50 01 00 20". Once completed change the "CallForAttributes" dword value to "0x00000000" (double-click and change value data to 0). You must change both of these values to get the rename to appear.

You can go in for more interesting hacks , just google them.
I had fun trying the above hack!!
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