Summarize the following:
Take the front and back sections of the wrap and lift them up, pressing them against the basket, covering both ends and meeting the sides at the top. The sides of the wrap will then stick out. Then, take the wrap touching the table (or surface) in the center and bring it up to the side of the basket. You'll then have a right and left "flap" jutting out. Do this on either side of the basket. Alternatively, you can just pull down the sides. Pull it taut; there will be a slight overlap in the middle where the front and back meet, but that's it. You can then tape them down on the bottom of the basket from there. You know how you have two "flaps" on either side of your basket, from where the center sides were brought in? Crease those at their bottom edges (like you're wrapping a standard box-shaped gift) and bring them in, back flap first. Then fold the front flaps over the back flaps, creating a sort of V-shape on the sides with the creases. Take the pieces that you folded down last (likely the front flaps) and secure them with tape. Transparent, double-sided, or packing tape all work. You'll probably want pieces that are around 2" (5 cm) long. This is where you start making the frilly firework fanfare at the top. By now the cellophane is taped down on the sides and jutting into the air at the top. Right at the top of the basket, grab the cellophane and cinch it together, as tightly as can be. With the wrap in one hand, use your other to "fluff" the top. Spread out the edges so it juts out symmetrically on all sides until it looks like you'd like it to.

Summary:
Lift up the long sides of the cellophane and fold in the short sides. Fold the front edges toward the back and the back edges toward the front. Hold the cellophane at the top of the basket in your hand, and pull tautly.