In Windows 7, the Recent Items folder is located in C:\users\\AppData\Roaming\Microsoft\Windows\Recent Items.
The folder is called "Recent Items" when you use file explorer and is called "Recent" when you use the Command Line to find it.
It is part of the roaming profile and in our organisation, often brings people over their profile limit. When you look in the folder it contains a load of shortcuts but the size of the folder is much larger than the total of files is contains.
I am showing hidden files and system files.