Currently it looks like:
3 Answers
You can easily relabel your flash drive or your NTFS partition using gparted-partition manager.
Install Gparted:
sudo apt-get install gparted
Goto System-->Administration-->Gparted
Change the storage device to your Flash drive.A window will open,right click the partition and choose label to rename it.
Note:
The arrow points to your storage device.By default it shows your harddisk paritions.Click there to change your storage device to your flash drive.
Note:
Right click on it and choose label and enter your new label there..
You can also check this link

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1GParted removes all the data on the partition on changing / creating partition label! Haven't you noticed that? – Bucic Dec 31 '11 at 10:44
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System - Administration - Disk Utility
click the drive - unmount the drive - change label and you're done!
mount again and everything is fine beware don't change anything else or you can destroy all your data!
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For vfat (fat32) filesystem you can rename disk with:
sudo dosfslabel /dev/sdXY new_label
(where /dev/sdXY
is partition you would like to rename)
If the filesystem is ntfs do:
sudo ntfslabel /dev/sdXY new_label
Note: device should to be unmounted first.
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