Panel 1: Grandma shoves the drill in to the Wolf’s eye. The Wolf opens its maw in pain letting Red go. Grandma is yelling “Let her go!”
Panel 2: The foreground, the Wolf’s head is bleeding. In the background, Grandma helps Red up and says “Up you go.”
Panel 3: Grandma and Red run for Grandma’s bed. Grandma is pointing and saying “Move!” The Wolf if writhing in pain.
Panel 4: Huntsman, already in the bed, shouts “Here!”