Activity for Betty

I was browsing centerpieces one day and found a figure that make a

Does anyone know of a way to DIY this? I was thinking just water and food color... But I really like the bubble affect. Any suggestions?

I'm trying to make our own Boutonnieres. We are getting figurines and replacing the flowers with them. But I can't find any with out flowers. Can I even get them that way? Or will I just have to buy them and do it myself?