This hot air balloon decoration and step by step instructions can be found on the Mad in Crafts blog.
This fly-away design is not filled with hot air. The balloon is a smaller water balloon, attached to baker's twine as its ropes. The basket is a small round mint tin. For those wanting to put this together, make sure the tin can is big enough to fit a cupcake -- this 3D cupcake holder will serve dessert in a special, elevated way. Mixing and matching the colors of the balloon, ropes and tin to match the colors of the cupcakes would be a fun idea too.
This DIY project was inspired by the movie Oz the Great and Powerful. It would add a magical touch to a sweets table for any party.