waste·bas·ket

[weyst-bas-kit, -bah-skit]
noun
a standing basket for wastepaper, small items of trash, etc.
Also called wastepaper basket.


Origin:
1855–60; waste + basket

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
wastebasket (ˈweɪstˌbɑːskɪt) [Click for IPA pronunciation guide]
 
n
Also called (esp in Britain): wastepaper basket an open receptacle for paper and other dry litter

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Wastebasket is always a great word to know.
So is ninnyhammer. Does it mean:
a fool or simpleton; ninny.
the offspring of a zebra and a donkey.
Example sentences
My parents came upstairs and were able to put out the fire before it spread
  anywhere and even the wastebasket was saved.
Also don't use your toilet for an ashtray or a wastebasket.
Your office mate whistles and leaves half-eaten food in the wastebasket.
Clear any large debris from the areas to be cleaned and discard in wastebasket.
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