You'll have to create a registry hack to do it. To begin with, you could prevent Control Panel and Printers from appearing in Settings. However, the hack can take care of Documents and Favorites, and can remove Control Panel and Printers from the Settings menu. This REG file will also remove Control Panel and Printers from My Computer, so its very secure..

As usual, be cautious about running *.REG files -- they do modify the Registry. To proceed, run Notepad and enter the following as shown here. Please copy the text directly, blank lines and all, into Notepad for best results.

--Start Highlight After THIS line.--
REGEDIT4 [HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Policies\Explorer]
"NoFavoritesMenu"=dword:00000001
"NoRecentDocsMenu"=dword:00000001
"NoSetFolders"=dword:00000001

--Stop Highlight Before THIS line.--

Now, choose File, Save As and name the file ItemsOff.reg. Locate a folder for the new REG file and click Save.

You can enter the information in your REG file by simply double-clicking its icon. When the dialog box appears telling you that the information has been entered, click OK to close the dialog box and continue.

Restart your computer to see your new changes take effect.