The original version of the story is both more gruesome and terrifying, than the later watered-down version, but the basic moral of the story remains the same. The earlier version describes the dangers threatening a young girl entering womanhood; she wears the red cloak to signify her physical maturity, she drinks the blood and eats the flesh of the old crone, her grandmother, and thus concludes her transition from a maid, to a mother, a fully fledged woman. (Women in classical stories usually embody one of the three cyclical phases of womanhood: a maid, a mother, or a crone.) The later version of the tale merely warns children against talking to strangers, and still retains some of the tale's original creepiness. It's no wonder Disney never opted to adapt this dark little fable onto the big screen. Still, it's fun to imagine what the songs might have been like...I do have some suggestions:
Do be careful when you wear your red cloak, or your miniskirt.
My Highschool Lit Class