Barry's answer is far more entertaining, but what you're actually paying for is the 30 bags you get to do your business into. The chemicals in there are eco-friendly and smell-killing, the bags are leak-proof, and they keep everything tidy so you can pack it out. You could just buy the bags and get your own bucket (or no bucket at all), but for guided river trips and whatnot, this thing is fantastic. Not everyone is as comfortable wiping with pine cones as the rest of us. As an aside, the 30 bags alone would cost around $95, so you're really only paying 20 bucks for the bucket and seat.

This makes for the best laugh of my day.

All of you are mistaken!! This 5 gallon bucket has a story behind it. The plastic is flown in from the plastic fields of Italy's Sardinian Coast. It is then smelted together by a magical African Shaman and the paint which comprises the RESTOP graphic and verbage underneath this mythical and wise 5 gallon bucket is the coagulated blood from a virgin boar captured in deepest dark of the Peoples Republic of the Congo. Because of all the time and effort it takes to orchestrate such a production, they feel that this $117.45 is a meager price to pay for such a lavish and comfortable conversation piece whilst in the backwoods. Maybe if they built up the price that way, you wouldn't feel so bad about buying a FU**ING 5 GALLON BUCKET FOR A BENJI!!