My dad HATES this bucket. The rags, etc sorta just get thrown in the general direction of the bucket, and even if they do make it into the bucket, it bothered my dad to be able to see dirty laundry. He asked me to make something that would hide the mess. I used a tutorial for a crib toy bag, here at Create Studio, to create a bag that hangs at the top of our stairs.
I like the way the bag turned out, and the fact that it's washable, but I'm not sure I'm totally sold on using it for laundry. You'll be the first to know if I find something different!