How can I change the name that shows up in a shell prompt?

freaky

OSXer
I would like to change the name that is showing up before the : in my shell prompt. It appears whenever I open terminal and I'm working on my local machine.

Last login: Wed Aug 31 17:01:32 on ttyp1
Welcome to Darwin!
IWANTTOCHANGETHIS:~ loginname$

If someone could let me know how to do this I would greatly appreciate it. Thanks!
 
I checked it out and I have Power Mac as my computer name but that's not what's showing up in my shell prompt. Any other ideas? :)
 
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