The story is based on the story of Baba Yaga. You can identify some specific elements like the wooden chicken leg house, the skeleton fence, the old lady as a witch, the fact that Baba Yaga loves to drink some specific blue rose liquer and to eat children.
The animation emphasize some certain aspects about danger situations, trust situations, and potential of being cheated. This situations can be found in real world, in our thoughts, in the way we percieve and act with others. So, don't be naive, think twice and follow what is important for you. Otherwise you may be „eaten” by the society and lose your unicity.