You don't use a bottle. In this early island, all you need to do is collect the 3 ingredients and take them to the medicine man at the top of the vine just to the right of the ruins.
The general process is
1. Get the coconut milk from the vendor on Main Street
2. A the ruins, push the big block right, climb the vine, and jump left onto the roof.
3. Get the translation page there, and open the face door in the underground by pressing the teeth that spell OPEN (and the nose)
4. Go left and get the bone from the pit, climb the statue, and go left again to get the Key Ingredient.
5. Get a grass skirt from the beach on Booga Bay, then climb the vine and give the medicine man the ingredients, which he mixes into a coconut.
6. Use the coconut cannon to feed the potion to the shark, and rescue the boy from the island in the bay.
You use the cannon
The medicine man makes you a potion in a coconut. Shoot it at the shark and it will fall asleep. Swim to the island on the right.
The green bottle holds the "key ingredient", one of the three things you have to mix to create a sleeping potion for Booga the shark. (see related question)
I don't think so. That was a boring island.
You get a free bottle when you come onto the island.
you have to wear the grass skirt
Fire it in the coconut cannon at Booga Bay. No matter where it lands, he will swallow it, and you have succeeded.
The mission on Shark Tooth Island is to rescue the boy who is stranded in an island in Booga Bay (far right of the island) by the giant shark Booga. The solution is to gather the ingredients for a sleeping potion, to be mixed by the island's medicine man. (see related question)
It doesn't get full. You collect three ingredients and mix them to make a sleeping potion for the shark. (see related question)
At the completion of Shark Tooth Island, you rescue both Professor Hammerhead and the missing boy, both trapped by the menacing giant shark. The "calming potion" (knockout drug) created by the medicine man puts the shark to sleep and you can swim out to the island. (see related question)
You will have to mix a sleeping potion for the giant shark Booga, so that you can swim out to save the kid from the offshore island. (see related questions)
You collect three ingredients, mix a sleeping potion, and put him to sleep. (for the solution, see the related question)