Lady on the Moon - Arcade Stereo Card - c.1920s
This is one half of a stereo card of a lady wrapped in net sitting on a paper moon. This stereo card was a bit risque when it was made for display in a stereo viewing machine at an arcade.
We have a several series of these stereo that show women in various stages of undress. We have a friend who calls them "girls in rags" since most are modestly wrapped in a length of filmy fabric.