I read this many years ago while I was still in high school. It's a fantastic book to read especially at that age. It really broke down all the messages that are sent to us girls and women that we may not be consciously aware of, but that still mold us - and not in good ways. In other words, it gives you a chance to look behind the curtain and see the tricks of "the Great Oz".
When we read the modern versions of fairy tales (which are almost unrecognizable from the originals) they teach young girls (and boys as well) awful lessons. They are not, by any stretch of the imagination, harmless.
I remember when I read this book I started to hear all the speeches from my mother, grandmother and many women in my life quite differently. I was told many times about my un-ladylike behavior (mind you, I was actually a pretty good kid - but just not a girly-girl princess, or as quiet and accepting of my situation as my sister). It really helped me put into perspective the deep guilt I was made to feel by them since I was younger. It helped not only to put their words into perspective, but to start really liking myself for who I was.
It also starting teaching me how to see that I was being sold all these absurd ideas about what to buy and how to behave to be "the woman that men wanted me to be"
Feminism is still very much needed now, as it was when the movement started. This is a well written and very interesting book, and it's due for a comeback.