I have a few of those Kitty Litter containers. I live an area that can get kind of wet in the basement so I keep one in the basement as a bucket, I also have a couple of them outside with transplanted Plants in them. I just poked a few holes in the bottom and there ya have it.
Another thing that came to mind when I was worried about people's cigarett butts being tossed all over my back yard during a graduation party for my son. I painted the outside, filled it with sand and painted "Butt Bucket" in big red letters. People used that and we didn't have to go nuts with all the cigarett butts in the lawn.
Did store some tools in them.....hey, with the holidays coming up, what a great place to hide gifts!