Any kid (particularly those in cold northern climates) would love to have a palm in a pail and sail away to a tropical island in his or her dreams.
The pail is a buck at Party City (they have many more colors) and the palm was two bucks (reduced from $3 ea to 5 for $10) at Home Depot.
Does the pail have a hole in the bottom? Of course not silly! Shhhh...it's a SIP. Don't tell the mean old house plant growers. They will not like you. They thrive on consumption rather than sustainability.
Remember that the pail is is not "self-watering", it's sub-irrigated. Keep filling the reservoir and the palm will drown for sure. Before adding water be sure the reservoir is empty (use a pipette made from a piece of 1/4" tubing) and the soil has partially dried down. A soil probe is a very accurate way to check soil moisture in a planter.
The soil surface should never be wet! If it is, you added too much water. The top 3/4"-1" should be dry. An added benefit is...no fungus gnats.
Remember, plants can't walk, talk or dance! They are stuck in the pail with no escape if you drench...and drown.
Note that "self-watering" plant vendors (and garden writers) constantly say something like "the plants will take water as they need it" as if they were animals. It is botanical BS!
It is long past time for American gardeners to reject drain hole "drench and drain" watering! It is really dumb! It wastes water, your time and eventually the plants. Unfortunately many horticultural educators (including so-called "master gardeners" and garden writers) are still living in caves. They keep repeating the drain hole mantra ad nauseam.
The pic below shows the secret water AND oxygen reservoir at the bottom. It cost next to nothing.
The reservoir was cut from the lower portion of a yoghurt container with sharp scissors. The aeration and drainage holes were poked with a wood-burning pen. The fill tube is a section of 3/4" o.d. (5/8" i.d.) vinyl tubing. Use a small funnel to add water to the reservoir.
P.S. The palm is a Chamaedorea elegans (common names Neanthe bella, Parlor Palm). What's a parlor? It dates me that I know what it means.