This one can be slightly glitchy, as it requires you to complete the requirements in a very specific way. You'll need to firstly craft a normal white bed, with three white wool and three wooden planks of any type. You'll also need any dye that isn't white. The easiest dyes to find are flowers, these can be crafted into different colours of dye from the main inventory screen.
With your dye and your white bed, place both of them within the crafting table in your inventory (can be found by hitting
). Make sure you don't use the Quick Crafting area to the left, otherwise the trophy won't pop. You'll need to drag them both into the crafting area. Once you've crafted the newly dyed bed, you'll get the trophy.