We usually begin Fantasyland with these rides in this order:
Peter Pan
Dumbo
Casey Jr. Circus train
Storybook Land Canals
Then it mixes up a bit, depending on the particular line and our mood. But it's something like:
Carousel (sometimes we ride it twice in a row without getting off)
Mr. Toad
Teacups
Alice in Wonderland
Snow White
Pinocchio.
The last two never seem to have long lines in the morning so that's why we leave them for last.