Looks like you've installed too many tools which register Overlay icons. Windows has an ugly limit of only 15 overlay icons because of old 16 Bit code that can't be changed:
The value 15 came from the corresponding limit for image lists. The
ImageList_SetOverlayImage function supports up to 15 image list
overlays per image list. (Hey, it used to be worse. The limit used to
be only 3!)
Okay, but why only 15? Why not more?
The overlay image is one of the pieces of information used when
drawing an image from an image list. The options are encoded in the
fStyle parameter, and when the bits were divided up for various
purposes, four bits were available to be used to specify the overlay
image. (You get 15 overlay images instead of 16 because you lose one
of the values in order to specify “no overlay.”)
Okay, but the values in the fStyle parameter use only the bottom 16
bits. What about the upper 16 bits? There’s plenty of room there.
The 16-bit limit was carried over from the 16-bit version of the
common controls (which still needed to be supported in Windows 95). Of
course, nowadays, nobody cares about the 16-bit version of the common
controls, so why not start using the upper bits?
There’s an unsatisfying explanation: The code internally that manages
the fStyle still uses a WORD in some places, so all the code that
manages the fStyle would have to be revised. This occurs in multiple
modules across Windows, so a synchronized change would have to be made
across multiple components. This is a breaking change at the binary
level because the interfaces are no longer compatible. Breaking
changes are procedurally difficult to coordinate: The affected code
may not be visible to the shell team because they are sitting in a
far-away leaf branch that has not yet RI’d to the trunk. It might be
that expanding fStyle from a WORD to a DWORD has far-reaching
consequences for some component.
So Microsoft can't really fix it without breaking Explorer.
Open regedit, go to
and count the number of items. Are you hitting the limit of 15?
If yes, then either uninstall or reconfigure applications that are shown here or remove the registry entries manually (backing them up of course).