alias rm 'mv -f \!* $WASTEBASKET'
alias unrm 'mv $WASTEBASKET/\!* .'
I know that many will disagree, but I like safety nets. (And please try to forgive me for using tcsh.)
This somewhat similar one should be outlawed, though:
alias rm 'rm -i'
I've seen people who were trained on systems with that alias, and then they type rm *
on some other system, expecting to get questions about which files to delete, and then they sit there and watch it do exactly what it is supposed to do.
EDIT:
Some of the comments compared the move-to-wastebasket alias with the "-i" flag, saying that they are similar. But to me, there is an important difference. With "-i", you get the confirmation prompt every time you use the command, and it becomes something you expect and rely on. The wastebasket solution, on the other hand, works exactly like the standard rm, until you actually make a mistake and need to un-remove a file. It's a bit like the difference between training wheels and a spare tire in the trunk.