How can I hide the text under the desktop icons?

I want to display the desktop icons without the text. I only have the Home and Trash icons on the desktop. Any sugestions?

Open gconf-editor, and go to apps>nautilus>preferences and change the desktop font to 0 (eg. change it from Sans 10 to Sans 0), then there's no text visible.

As of at least 14.04 the gconf schema of apps > nautilus > preferences no longer exists. The new, recommended, method is to use dconf to change the font size to 0.

The key is located under org.gnome.nautilus.desktop and called font. You can edit it with dconf editor (in the dconf-tools or dconf-editor packages). Or by using gsettings from the CLI:

gsettings set org.gnome.nautilus.desktop font "Ubuntu 0"  

To revert the changes make the key empty, either from the dconf-editor gui or with gsettings from the CLI:

gsettings set org.gnome.nautilus.desktop font ""  

The default value appears to be Ubuntu 11, even though the key is blank.