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TrashCan is a replacement for the OS/2 Warp Version 3 (or higher) Shredder object. It brings a Macintosh-like trash can to your desktop.
Unlike the Shredder, TrashCan won't immediately delete objects dropped on it. You can delete them yourself later, or configure TrashCan to delete them according to options in its settings notebook. This way, you will be able to recover Trashed objects and get them back for normal use.