Japeth the Goat is a secret agentHe works for that Happily Ever After Agency that Twitchy talked about. The evidence: he's Crazy-Prepared for anything, including a quick getaway route; he's faking an eccentric facade (it slips once at the very beginning); and he's the only minor character from the first movie to get a role in the second.
Soul Jars or past-changing time travel (or soul jars in the form of past-changing Save Points) exist in the continuity of Hoodwinked."...unless you've got a spare, you've only got one life to live so always be prepared". Out of context, and possibly in context, it sounds like Japeth was singing about a literal spare life, as in a Soul Jar that uses an extra soul instead of keeping your only one safe from harm. However, in context it makes more sense the way a video game character or a time traveler has extra lives, in that they have a "do-over".
The Pucket family are deescendants of Those Who Came Before from the Assassin'sCreed seriesThis explains how young girls and old grannies can be a Black Belt and a top league extreme sports athlete respectively
In the sequel...Okay, we have two little kids named Hansel and Gretel who tried to eat an old witch's house of gingerbread. She ties them up and presumably holds them hostage. There's Three Little Pigs that the cause mayhem and use explosives and weapons on the heroes from the first movie. Now, considering how the first movie went... The Three Little Piggies are a terrorist squad of some sort working for Hansel and Gretel. The evil witch is actually an undercover cop of some sort, or otherwise a paranoid baker who the evil siblings want to steal something important from, similar to Boingo.
At some point, Red and Wolf will hook up.
The film takes place somewhere in Colorado or WyomingThe environments of the film seem to remind me of trips I've taken into the Rocky Mountains (this troper lives in Colorado). The vistas of snow-capped peaks in the distance during Red's treehouse scene almost bear a striking resemblance to views I've seen of the mountains around Yellowstone National Park. And mountain views like one that is a background shot when Red is approaching Japeth's shack remind me of the areas around Vail Pass in Colorado.