Any Chance you bought it from China
Looks like the bucket has kick the bucket. Time to get a new one me thinks.
Unless you like something on the list that I have just google search. Can't believe I done that but hey ho
126 things to do with a bucket
SUBMITTED BY KYLE ON JUNE 3, 2005 - 1:38PM.
What can you do with a bucket?
cut it up and make pretty earrings
chamber pot
use it as a washbasin after World War III
put progressively smaller buckets inside to make boring Russian dolls
combine with a small pump and make a desktop fountain to relax you during stressful times
fill it with candy and put on a receptionist's desk
throw it down a well and listen for it to splash so you have a rough idea how deep it is
fill it with hot rocks and take it in a small room when you really need a sauna
wear it like a badge of honor
bust it
sell it as scrap metal
make plaster in it and patch the holes in your wall
use it as a nondescript way of marking mass graves
throw it away and never give it a second though
hook it up with a dowel and a wire and make a miniature washtub bass for your pirate band
keep pigs blood in it for Satanic rituals
hold it up as an example of the folly or success of mankind, depending on your point of view
you've got to store your ever-expanding rock collection somewhere
put it under a bad roof to catch leaks
use it to wedge a gas pedal down when faking your own death
use it to catch the oil when you're replacing it in your car
use it to hold weeds when you're gardening
 fill it with secrets and hide it under your bed
keep miscellaneous cables in it
fill it with paint and then splash that paint and pretend you're Jackson Polluck.
use the rim as a cookie cutter to make giant cookies
Didn't copy and paste then all but here's the link.
www.google.co.uk/url?sa=t&rct=j&q=things%20that%20you%20can%20do%20with%20a%20hole%20in%20bucket&source=web&cd=8&cad=rja&ved=0CGAQFjAH&url=http%3A%2F%2Fwww.legatissimo.info%2Fbucket&ei=jtCtUec605rUBdacgZgO&usg=AFQjCNFnB1XI3OxEooIryIadfBPM0VhsRQ