Step 1: Steal a bunk bed ladder.
Just make sure no one is in the top bunk when you do it.
Step 2: Remove hardware from back of ladder.
Because it's a pain to paint and sand around them.
Step 3: Apply primer.
Not a necessary step but what the heck.
Step 4: Apply red paint.
A necessary step if you want depth of color to your finished product.
Step 5: Apply white paint.
Another necessary step ... just because.
Step 5: Apply sander.
Don't be shy. Run that puppy all over the ladder.
Be sure to really dig in where you want the most wear and tear to show.
Step 6: Apply dark aging wax.
Again, a necessary step if you want depth of color in your project.
Step 7: Apply Polyurethane.
Just to keep all the previous work protected from the elements.
Step 7: Attach hardware to sides of ladder.
They make a good place to hang plants or other decorative elements.
Step 8: Enjoy.