[Galaxy Y GT-S5360 General] CarlDeanCatabay:
Please do check the following:

1. USB Ports

Try a different port. [Applies to PREVIOUSLY DETECTED PHONE and/or NEW PHONE CONNECTED FOR THE FIRST TIME]

If you are using a desktop computer, try the USB ports at the back of your computer.

If you are using a notebook computer, make sure the power plan you're using is not in Balanced or Power Saver. Try using High Performance when trying to flash and make sure USB Selective Suspend is disabled.
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2. USB Filter Driver [Applies to Windows Vista/7 Machines though later version of XP Supports USB Filter Driver]

A Filter Driver

is a Microsoft Windows driver that adds value to peripheral devices or supports a specialized device in the personal computer. It is a driver/program/module that is inserted into the existing driver stack to perform some specific function.

Written either by Microsoft or the vendor of the hardware, any number of filter drivers can be added to Windows. Upper level filter drivers sit above the primary driver for the device (the function driver), while lower level filter drivers sit below the function driver and above the bus driver.
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Try deleting theUSB "Upper Filter" & "Lower Filter" Entry in registry editor and check if it fixes the problem.

Delete the USB Upper and Lower Filter in the Registry by following the steps by following the steps below:

Before we go any further, please first backup the Registry.

Important: This method contains steps that tell you how to modify the registry. However, serious problems might occur if you modify the registry

incorrectly. Therefore, make sure that you follow these steps carefully. For added protection, back up the registry before you modify it. Then, you can

restore the registry if a problem occurs.

For more information about how to back up and restore the registry in Windows:

http://windows.microsoft.com/en-US/windows7/Back-up-the-registry

1. Click “Start”, type “REGEDIT” (without quotation marks) in the “Search” bar and press Enter.

Note: If UAC (User Account Control) pops up, please accept it.

2. Right click “Computer” (the root node) in the left pane, click “Export” under the “File” menu, choose “All” under “Export range”, and select “Desktop”

in the “Save” in box and type backup in “File Name”. Click “Save”.

Note: The backup file is on the Desktop and named backup.reg. We can simply restore the registry by double-clicking the backup.reg file.

3. Click “Start”, type “REGEDIT” (without quotation marks) in the “Search” bar and press Enter again.

4. Locate the “UpperFilters” value under the following key in the registry:

HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control\Class\{36FC9E60-C465-11CF-8056-444553540000}

5. On the “Edit” menu, click “Delete”, and then click “OK”.

6. Locate the “LowerFilters” value under the same key in the registry:

HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control\Class\{36FC9E60-C465-11CF-8056-444553540000}

7. On the “Edit” menu, click “Delete”, and then click “OK”.

8. Quit Registry Editor and restart the computer.

Make sure you follow the steps correctly.
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3. Samsung drivers[Applies to PREVIOUSLY DETECTED PHONE and/or NEW PHONE CONNECTED FOR THE FIRST TIME]

Reinstall Samsung drivers to make sure driver files are intact. Believe it or not, a simple update or program installation can mess up drivers on your computer.

Before you re-install the driver, please take note of the following:

Your phone should be disconnected and/or any USB device (USB Flash drives, cameras, ipod etc etc)

Close any program that communicates with you phone -KIES, Odin etc etc.

If you're using for more than an hour or have opened several programs, please turn of your computer and the turn it back on, a warm boot (restart) is not the best way to "refresh" your computer before you install drivers, It should be a cold boot (shutdown-power up)

If you've taken my notes in consideration, please by all means re-install the drivers :D
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4. Try a different version of Odin that supports Galaxy Young.

Make sure the Odin version you're using supports Galaxy Young. Some Odin versions support specific samsung phones ONLY
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5. Restore your computer to a state where your phone can be detected.[Applies to PREVIOUSLY DETECTED PHONE ONLY]

This option applies if all else fail and do me a favor, don't call your computer's support team, they will make you do a bunch of troubleshooting steps and in the end, a simple restore would take care of it.
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ANOTHER NOTE:

Pressing the POWER BUTTON without having both HOME BUTTON and VOLUME UP KEY pressed will not get you anywhere. Either your press HOME BUTTON first then the VOLUME UP KEY before you press the power button or you make yourself believe that your phone won't go into download mode/Odin mode. That being true, previous comment that says: "home button+power+volume down" I believe is a typo. :D
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Good luck to y'all who have this kind problem.