Paper basket weaving -- a good craft to keep hands busy as you talk about the story and what it means.
Our conversation focused on how God saved Moses because He had a plan for Moses. God called Moses and God calls us. (For younger kids, talk about how God calls us to be in relationship with Him. For older kids, take that conversation a step further and talk about how we are called to service in response to our relationship with God.)
I found a clipart baby (free creative commons art from Pixabay.com) which I printed on cardstock and cut out. The kids colored the baby if they had time when the basket was finished. For younger kids I printed key point on back of baby. Older kids can write the key point or a memory verse on the baby.
Simplest basket I made with my preschool class. (Flat paper weaving and then folded in half for a 2-D envelope type basket.)
Slightly more involved 3-D basket from DLTK's Bible Crafts.
Much more interesting and complex basket weaving for older kids with a bit more time.
(Google and Pinterest will help you find plenty of other baskets if these links go dead. Just search for "paper basket weaving")