Original post found
here, I'm simply posting in the Feature Requests forum per Bidmaron's suggestion...
The gist of the thread is the ability to create Custom Group Names or modify existing ones. Attached image is an example from the original thread.
Please show your support if this is something you'd like to see!
P.S. Forum moderator, if you'd be so kind as to move the original post to the Feature Requests forum that'd be mighty awesome, thanks!