The spirit of the Baker's wife appearing to reassure him that he can raise their child without her:
"Sometimes people leave you/ halfway through the wood. Do not let it grieve you. No one leaves for good."
At first, when attempting to get the "cape as red as blood," the Baker tries just snatching the cape from Red. Naturally, once the Baker hears her crying, he gives it back, but later second-guesses that choice and goes after it anyway. This leads to him being the one that rescues Red and Granny from the Wolf, which leads to this exchange.
Red: Oh, Mr. Baker! ...You saved our lives. [holds out cape] Here. The Baker: [overjoyed] Are you sure? Red: Yes. Maybe Granny will make me a new one with the skins of that wolf! The Baker: Thank you, thank you! [he turns to go, but then gives Red a big hug and a kiss on the cheek, which she promptly wipes off]