First you start with the wire structure. Warning: your hands will bleed a lot and consequently suffer cosmetic damage.
Then you find good use for rubbish red top newspapers and rip them into pieces. You also need to mix some wallpaper adhesive and then you just start covering the elephant skeleton with scandalous news.
After a little while you should have a beautiful elephant shape in your hands.
If you are impatient type of person you will need a hairdryer to speed up the drying process.
Now after you completed the difficult part of shape making there's only the fun part left: painting and decorating. Make it bloody cool!
My elephant has a double decker carriage on it's back. Naturally.