With scissors, snip 1/2 inch down from edge of tub and then all around. If there is a ridged edge, trim that off, too. Wrap strip with a 1/2-inch-wide piece of gold paper (cut against the grain along the height). Set aside for handle.
Measure depth and circumference of tub and cut piece of pink paper (along the grain) so, when folded, it lines the inside, outside, and bottom of bucket. Crease paper so the fold lines up with lip, and slide onto tub. Cinch paper at the bottom, and secure with daubs of hot glue.
Snip 2 slits in the pink paper 1 inch up from the base on the inside of the bucket. Load up ends of handle with generous amounts of hot glue, slide through slits, and press to secure to tub.
To create inside ruffle, cut pink paper, slightly rounding the ends. Place inside tub, and stretch upper edge of paper to create ruffled look. Use template to make exterior petals out of more pink paper, and glue to side. Cut 2 green leaves, and glue to base of tub.