When we see Clint again he’s in some kind of Danger Room program. I’m not sure how he’s alive after the Hulk, but I’m not sure how Hellcat’s breasts are doing that upside down either. The simulation seems to be Clint reliving an old, pre-Avengers mission he and Patsy were on. This Grim Reaper, Eric, was on the team too, but they lost him.
It’s tempting to say none of this makes sense, but let’s start with what we know. Franklin Richards made the Heroes Reborn reality subconsciously and dropped the Avengers and others into it. This scene kind of resembles something you’d see in the X-Men books, only… dumbed down (not to mention, again, Clint’s Wolverine costume). And we know from books like She-Hulk that Marvel Comics exist in the Marvel Universe and that kids like Franklin would’ve read it. Is it possible that Franklin’s subconscious was trying to give Clint a cool backstory, but he didn’t have much to draw on aside from comic books, so his—what, 6-year-old?—mind tried to make Clint’s life look like a comic book from the 90’s, and it came out kind of terrible?
Avengers Vol. 2 #7, pages 13-14. May 1997. Collected in: Heroes Reborn: Avengers http://www.amazon.com/dp/0785123377