Thats exactly what I thought when I saw this. This is a waster paper basket made of recycled paper by designers Riccardo Nannini, Domenico Orefice and Emanuele Pizzolorusso. There are 50 pleated paper liners, just remove the topmost one when the basket is full. Fun idea! Jjust don't spill liquid on it. Original article here.
(images from Dezeen)