Baby's first bow-tie. And suspenders.
If I remember correctly, the large framed (yes, really) version of this photo was colorized. Before Ted Turner did it to movies, they used to do it to photographs. I don't know where that version is, but it must be somewhere. This one is wallet-sized. I suppose that now-a-days not many people carry actual paper photos in their wallets. All the pictures they could want can be stored on their mobile phones.