Maybe Red Riding Hood is actually an alien who crash - landed near the forest. She disguises herself as a human girl with the red hood because she doesn't want to draw attention. The wolf is the first one to figure out she's different and they end up becoming friends and exploring the universe together.
In a steampunk version of the Red Riding Hood fanfiction, Red could be a young inventor. She's on her way to her grandmother's with a new invention when she encounters a mechanical wolf created by an evil inventor. She has to use her engineering skills to defeat the mechanical wolf and save her grandmother.
One idea could be that Peter is a woodsman and Valerie is a friend of Red Riding Hood. They team up to rescue Red from the big bad wolf. Peter uses his skills with an axe and Valerie her knowledge of the forest's secrets to outwit the wolf.
One idea could be that the wolf is actually a cursed prince. So, instead of harming Little Red Riding Hood, he tries to get her help to break the curse. Maybe he can communicate with her in a special way, like through dreams.
Peter could be a werewolf himself in this story, but a good - hearted one. When he meets Red Riding Hood, he tries to hide his true nature at first. However, as they face the threat of the evil wolf together, he reveals himself and uses his werewolf strength and instincts to save her and her grandmother.
One interesting plot twist could be that the wolf is actually a cursed prince. So instead of the traditional ending of Red Riding Hood being in danger from the wolf, she ends up helping him break the curse. Another could be that Red Riding Hood herself has some sort of magical power that she discovers during her encounter with the wolf. For example, she can communicate with the forest animals and they help her outwit the wolf.
One idea could be that Little Red Riding Hood is a mage in the Fairy Tail guild. She could be on a mission to rescue her grandmother who has been kidnapped by dark mages hiding in the forest. Her red cloak could have special magical properties, like being able to turn invisible or protect her from certain spells.
One interesting idea could be a modern retelling where Red Riding Hood is a biker chick. She rides her motorcycle through the forest instead of walking, and the wolf could be a rival biker gang member. Another idea might be that Red Riding Hood has some sort of magic power that she discovers while in the forest, like the ability to communicate with the trees. A third interesting concept could be that the wolf is actually a cursed prince, and Red Riding Hood has to break the curse.
One plot idea is that the village is in danger from a mysterious force. Sasuke, in the form of a wolf - like being with special powers, is misunderstood. Sakura, as Little Red Riding Hood, is sent to find a way to stop the threat. She encounters Sasuke and realizes that he is not as bad as everyone thinks. They then team up to save the village, with their relationship evolving throughout the adventure. In this kind of plot, it combines the fantasy elements of the Little Red Riding Hood story with the action - adventure side of the Naruto world.
One interesting plot twist could be that the wolf is actually under a spell and Little Red Riding Hood has the power to break it. So instead of being a threat, the wolf becomes her ally in a bigger adventure.
One interesting plot twist could be that the wolf is actually a cursed prince. So instead of eating Little Red Riding Hood, he ends up asking for her help to break the curse. Another could be that Little Red Riding Hood is secretly a skilled hunter and she turns the tables on the wolf, trapping him instead of being his prey.
One idea could be Red Hood trying to redeem himself in Batman's eyes. He could start secretly helping Batman with cases without revealing his identity at first. This would create a lot of tension and mystery.