Make wolf puppets that children can use to bring the character to life when retelling the story. Provide children with brown paper lunch bags and have them lay them on a flat surface with the flap facing up and out. Fold the bottom corners of the flap underneath to make a point in the center. Cut a triangle out of brown construction paper and have kids glue it onto the pointed part of the flap and color the tip of the triangle black, making a nose for the wolf. From white paper, cut six small triangles and glue three to either side of the triangle, forming teeth. For ears, cut two more triangles from darker brown paper and glue them to the top of the bag.
After reading different stories that feature the Big Bad Wolf, have a discussion with your students about the reasons why he is mean and encourage them to provide examples from each book. After discussing why he is bad, discuss reasons why this may be -- he may be having a bad day, he may be upset or he may want someone to play with, for example. Have your students draw pictures that show ways to make the wolf good.
After reading the stories "Little Red Riding Hood" and "The Three Little Pigs," read the the wolf's versions of the stories: "The Wolf's Story: What Really Happened to Little Red Riding Hood" by Toby Forward and "The True Story of the Three Little Pigs" by Jon Scieszka. Compare and contrast the different versions of the stories and ask children whether they believe Red Riding Hood and the Three Pigs or the Big Bad Wolf.
Have students retell the stories "The Three Little Pigs" and "Little Red Riding Hood" using a felt board. Use felt to create wolves, as well as the other main characters from each of the stories. Encourage children to use the felt pieces to retell each of the stories. Ask them to modify the story -- instead of telling a story with a bad wolf, tell it with a good wolf.