Alice goes with her sister to a picnic and then she falls asleep and starts dreaming about a wonderland full of talking animals and walking playing cards.
This is by far the highest quality version of this film on the internet. The video is primarily from two prints scanned by the Library of Congress, along with a few other sources.
Phantomwise provided all of the footage and valuable help. This version also has scene-by-scene image stabilization, and should be in as close an approximation of the original sequence as possible.