Hello Reader's if you are working on single project and want to rename localhost to any other word then this blog is very helful to you. 

So let's start with the following steps

Step 1 : Open httpd.conf file you can fine it in the path( C:\wamp\bin\apache\Apache2.2.17\conf\ 
open httpd.conf file and change )

Now remove the # and uncomment the line below:-
#Include conf/extra/httpd-vhosts.conf to 
Include conf/extra/httpd-vhosts.conf 
By doing this virtual host will  know you have mention some other host which is now using.

Step 2  Open httpd-vhosts.conf you can find it in the path here

C:\wamp\bin\apache\Apache2.2.17\conf\extra 
Now paste the following code in it.

<VirtualHost myWebsite.local>
    DocumentRoot "C:/wamp/www/tajerlee/"
    ServerName tajerlee.local
    ServerAlias tajerlee.local
    <Directory "C:/wamp/www/tajerlee/">
        Order allow,deny
        Allow from all
    </Directory>
</VirtualHost>

change myWebsite.local and C:/wamp/www/abc/ as per your requirements. 
you can put the url which you want to hit in url

Step 3:- Now Open hosts file in C:/Windows/System32/drivers/etc/ and add the following line ( Just be careful not to delete any code in it) 

127.0.0.1 myWebsite.local

change myWebsite.local as per your name requirements

Step 4:- Restart your server. That's it

You can see it in the screenshot as below I'm actualy hitting the localhost but the url looks like I'm working on live site.