Remove or Rename the Recycle Bin from the Desktop

Delete Recycle Bin:
HKEY_LOCAL_MACHINE/SOFTWARE/ Microsoft/ Windows/CurrentVersion/explorer/ Desktop/NameSpace
• Then search for the string value "Recyclebin".
• Click on the "Recycle Bin" string in the right hand pane.
• Hit Del, click OK.

Rename Recycle Bin:
• HKEY_CLASSES_ROOT/CLSID/ {645FF040-5081-101B-9F08-00AA002F954E}
• It is very difficult to find the code, right?
No problem, u just copy the code and click to select edit>find; from Menu bar and past to findand by right click on "Recycle Bin"and select modify option for change the name to whatever you want (don't type any quotes).
Eg:- find this code - 645FF040-5081-101B-9F08-00AA002F954E
At last restart the computer..