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Love these drink buckets, labelled with big font. I would use a darker blue but other than that what a fun idea. If you are lucky your local dollar store may have them in the right blue or red. Add some big font writing and your bucket is complete. (img source)
If you like making pom poms and looking for a unique tree topper why not make a big ball of pom poms out of all sorts of colored yarn to make a statement tree topper. After you have made your pom pom tree topper featured at the blog Sugar and Cloth why not use the scrap yarn to embellish the branches like tinsel?