Here is a question that has come up: How do I edit the names and positions of my Gmail folders? Well within a couple of mouse clicks you can easily do it.
1. Hover your mouse over the folder that you want to edit. You can see that a little drop down arrow will appear next to the folder name. Go ahead and click it.
2. Toward the bottom of the menu click on the "Edit" option.
3. Here you can give the folder a new name as well as create a nested folder which is the same thing as a subfolder. These are handy if you want to keep folder categories together. Once you are done, just click the "Save" button.