In your plastic bottle, add the hydrogen peroxide.
Add in 5-6 drops of food coloring if using. Swirl to mix.
Add 1 tablespoon dish soap.
In a small glass measuring cup or other mixing bowl, combine 1 tablespoon yeast with 2-3 tablespoons warm water and stir. This should get a little foamy after about 30 seconds.
Pour the yeast water into the plastic bottle. Watch the reaction!