German cosplayer Eressea specializes in Link—she's one of many female cosplayers who does. In this photo, she, along with fellow cosplayer Yesta, play out a tender moment between Zelda and Link. It's magical.
It's not the pointy ears that sell the pic, or even the costume. In the top pic, it's the look on Yesta's face, and the space between their lips.
Shy Kisses [DeviantArt via Teatry in the Sky]