Captain Hook appears to have taken the new pirate to the Peter Pan ride and had her climb the rigging. At least he let her put her shoes back on for the long walk through Fantasyland.
I would guess that the image was taken at the end of the ride as Skull Rock is in the background. Seeing this shot almost makes me believe this was an approved photo shoot at Disneyland. Sadly, this is the last image I have from this collection.