It certainly does.
No . . . it is lined.
Make sure you have plenty of good, dry, HOT burning wood. Those liners DO NOT burn out easily. And the smoke is nasty. Do not breathe. it. You've got to build one big @#$%& fire to get it out. The only person I have heard of that did it successfully was Josh (aka Geek With Fire) and he said the outside of the drum was turning orange from the heat. When your done, you will most likely need to wirewheel it out to get it to bare metal. If you're lucky, the fire will have gotten most of the liner. Wear a good quality mask, and ear plugs when your wire wheeling inside the drum.
I don't mean to discourage you, just telling you what to expect.
Good luck.
Dave