Volks Dolpa limited outfit. This is Peak's Woods Morimoth, a Fairy of Bugs (very close to MSD size), dressed in Therese, one of the recent releases.
I can't describe the quality of the outfit. It's just wonderfully detailed and lovely. It includes the gown, sleeves, the bow and petticoat. It falls perfectly and closes in the back with a zipper. I love it!
Morimoth is wearing a DollHeart wig and Glib acrylic eyes. You can see additional photos on Flickr.