1) Contact your regional distributor of Nalgene bottles. I used Adventure 16 in San Diego. They generally have minimum orders (they sell to stores), but if you say you're a school, they might let you off the hook. The nice thing about them being a distributor is super cheap bottles. Ours cost $2.40 and $2.91 respectively, allowing a markup for fundraising and making it easy to break even.
2) Clear it with the administration, student services person, or whoever handles fundraisers and stuff like this. We had a table and chairs reserved for us in Center Court.
3) Publicity is key! I had announcements running in the PTA e-newsletter, an automated call home to every family, an email sent out to all faculty, PA announcements (click here to download) everyday for a week leading up to the sale, posters, and flyers (click here to download). I also made a YouTube advert using Apple Keynote and put it on YouTube (found here). The ad was shown to every science class at the school, so every student saw it. The BEST thing to do: create a Facebook event asking everyone to invite their friends. I had hundreds of people "attend" just in that alone.
4) Have order sheets (click here to download) ready in case you sell out. People wanted these really badly even after we had no more left.
5) Cut and hang this in front of your table (click here to download).
5) Make sure you have a place to store them on campus. They do take up a lot of space.
Good Luck!!
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