Fabric (little scraps are perfect for this)
Selvage (or just strips) of matching fabric or ribbon (for the sides of the tin)
Spread Fabric glue onto one side of the tin.
Lay it face down onto wrong side of fabric. Flip it all over, smooth out any bumps or wrinkles. (not pictured)
When slightly dry, trim extra fabric off of tin.
Now starting in the back, apply glue to edge of bottom half of tin, attaching the fabric as you go around. (I used the selvage along here because it doesn't fray, but I'm sure regular fabric strips would work just as well.) It's ok if the strips are wider than the area, just let it hang off the bottom and trim it later like you did with the top and bottom pieces.
After you've trimmed off any over hang fabric, the outside is finished. All you have to do now is cut two pieces of felt (I used pinking shears) to fit inside your tin, glue them in with the fabric glue, and you're done!