NirExt

From NirSoft Freeware:

The NirExt utility add 3 useful context menu extensions to your Windows Explorer environment. Folder Properties: This option is available in the context menu when you right-click on a folder in your file system. It allows you change the icon of any folder you want, and change the text that appears when the mouse cursor moves over the folder. Advanced Run: This option is available in the context menu when you right-click on an executable file (*.EXE). It allows you to instantly run an application with command-line and some other options. Create Shortcut+: This option is available in the context menu when you right-click on any file in your system. It allows you to instantly create a shortcut and drop it into one of the following folders: Desktop, Start Menu, Programs folder under Start Menu, Common Desktop (for all users), Common Start Menu (for all users), and Common Programs folder (for all users) under Start Menu.