Cut your plastic cup down to size; it should fit the foam ball's shape.

Cover cup in felt, hot glueing into place (hot glue circle pieces first, then staright pieces).

For this you will have one circular piece for the outside and inside bottom, and two straight pieces for the outside and inside sides. The circle pieces should be a bit bigger than the cup, so they can be covered by the straight pieces.

Add ric-rac.

Cut the foam ball in half.

It should be able to fit nicely onto the plastic cup.

Cut a circle piece of patterned material.

Hot glue this to the foam ball, wrapping over edges and underneath.

You may need to fold it to make it fit the shape.

Glue lace around the bottom edge of the top of the container.

Lastly, glue on something that looks like a cherry (like a bead or marble).