wow... all i can say is that if I were a woman, I would definitely not envy that form Honestly though, there has to be some photo manipulation in there somewhere, right? lol, regardless, the idea and costume were both well done, and the model seems like she is made for it.
since the corset pushes up her breasts and makes em wider than her waist, i think it makes her waist look even smaller. idk. in my opinion she would look better if the corset wasn't so tight. but i like the costume, set and the photography. all really well done. and i really want that holster >_>
In order for her waist to be THAT THIN she must have had some ribs removed. The only other way I see that happening is where her ribs would be bound so tight that they would pierce vital organs and she would die relatively fast.
I don't think it's quite as thin as it looks, but yes.. it is tiny. But I also don't see either of your two options being very viable. I highly doubt she had ribs removed or that she died relatively quickly after this shoot lol.