The ghostly woman turns out to have actually been trying to protect Jerry from Mr. Toggle and ends up saving him.
The episode contains examples of:
After dealing with all the stuff with Toggle, Jerry’s story ends with him playing catch with Kim in his neighborhood.
The TV version goes out of its way to specifically have the ghost woman claim Toggle had finally gone too far when he tried to kill Jerry. When she administers his Cool and Unusual Punishment, this is what she has to say:
Ghost Teacher: This is what you get for terrorizing the boy! You will practice and practice!