Cut and paste the following script into chgrecycle.reg and run it.

REGEDIT4
BLANK LINE GOES HERE
[HKEY_CLASSES_ROOT\CLSID\{645FF040-5081-101B-9F08-00AA002F954E}] @="Trash"
BLANK LINE GOES HERE

See .REG files for background information on .REG files.

Recycle Bin tips:

Disable file delete confirmation
Disable globally
Do Not Send Deleted Files to Recycle Bin
Rename
Set Size Limits