The leaky wooden bucket has given up on itself just because it can't perform like it used to, especially when compared. The bucket, however is unkind to judge itself so harshly. The leak watered and grew beautiful flowers along it's path, and in the end still held enough water to help fill the pot.
My interpretation, the leaky bucket is watering the side of the path, why you see all the blooming flowers in the final panel. While the bucket is feeling like it's worthless and not as good at the task of hauling water, it has an positive impact on things around it's world.
The incompetence of the bucket allowed flowers to thrive, leading them to eventually achieve sapience and overthrow the farmer. It was during the renaissance after the post industrial age of flower society that a new peaceful era dedicated to the worship of the wooden bucket began.