To make pattern for bed, tape newsprint together to make a large sheet of paper. Lay basket on top of paper and outline bottom on newsprint; cut out pattern.
Fold fabric in half, right sides facing. Center and pin pattern on fabric. Cut around pattern Â½" from pattern edge; remove pattern.
Pin fabric pieces together. Sew approximately Â½" from raw edges of fabric leaving a 6"-8" opening for turning and stuffing. Turn right side out; press seams flat.
Pin same paper pattern to foam. Cut foam piece same size as pattern with electric knife or sharp box cutter; remove pattern. Roll up foam and insert into bed cover; unroll foam inside bed cover. Use polyester fiberfill to stuff the bed to desired loft. Whipstitch opening closed.