This rarely seen short was directed by Steve Moore, and he's been trying to get it out of the Disney vaults for the last 15 years so he can show his work to the world.
Redux Riding Hood was nominated for an academy award in 1997, and there's still no clear reason given why the house that Mickey built wanted to keep it under wraps. Enjoy this cute, but crappy quality video transfer, retelling of Little Red Riding Hood, it's a real hoot!
--via Cartoon Brew
I was about to point the exact same thing, great wolf! GIDDIUP!