This isn't a bad idea though. It would need to be implemented correctly. It is very important for you and other players to see what items you have; however, if it was easy to see the old name underneath, beside, or in the details panel, I don't think it would cause confusion. Obviously, there would need to be some heavy moderation of these renamed clothes. While the audience of wizards are mostly older now, The staff seem keen on keeping it kid-friendly.