Draw a uniform circle with a pencil around the paper cup. Draw it one or two inches from the mouth of the cup.
Starting from the mouth of the cup make uniform slits reaching the circle drawn. The distance between each slit can be an inch. Bend the slits backwards and make a uniform crease.
Cut the top of each slip making a neat curvy design. Repeat the above step for all the slits.
Paint the cup using acrylic colors. Allow it to dry and apply another coat. If desired, you can make simple small patterns in the cup.
Once the paint is dry, make holes at two opposite points in the cup for attaching the handle. Insert the metal string in the holes made and secure it to make the handle. You can insert beads or wrap the string with woolen thread to make it a little neater.