In my opinion, this picture needs no context. It easily stands alone.

I would argue that it is a little girl playing dress up. The mothers shoes give that impression.

Although after being inundated with the JonBenet Ramsey pictures and "expose" of child beauty pageants it sort of makes me cringe, but the fact that they are not her shoes but her mother's suggests that this is not the case. (I could be wrong)

But the body position and the strike a pose "voguing" gives it a sort of charm.