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safe2234120 artist:audrarius615 applejack205384 fluttershy265427 pinkie pie262360 princess celestia115542 rainbow dash286990 rarity222807 spike94049 twilight sparkle366633 alicorn328359 dragon89710 earth pony530400 human260949 pegasus522618 pony1664251 unicorn566245 equestria girls263723 g42096347 aesop's fables5 comic138766 female1871744 human ponidox4263 humanized122904 male573400 mare783787 self ponidox10787 the honest woodman4 triality361 trio29710 twilight sparkle (alicorn)153107 unicorn twilight36232

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Red Miles
Non-Fungible Trixie -
The End wasn't The End - Found a new home after the great exodus of 2012

Wow, this has been done in a lot of things apparently. Link to the Past has this too, its how you get the upgraded boomerang.
 
Find a fairy cave behind a waterfall iirc and it asks you if you want to throw an item in. Use the boomerang there and it upgrades it to a better version, nearly the same text too. Also fills any bottles you use with the potion that restores hp/mp.
Vree
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The End wasn't The End - Found a new home after the great exodus of 2012

Great take on a classic tale!
 
Also,  
“You fall in spring of drowned alicorn. Very tragic legend of alicorn, who drown in that spring one thousand years ago, now whoever fall into spring take body of alicorn. Is very bad spring.”
bobstebob

This remind me of one Chapter in Doraemon. In that chapter, Gian fell in a pond, then a lady came out with a handsome Gian and ask Nobita and Doraemon whether this handsome Gian is the one they dropped. After Nobita and Doraemon answered no, the lady granted them the handsome Gian who they don’t know what to do with. On the other hand, the Gian desperately try to get out of the pond, only be pulled back by the lady.
 
The last panel of this comic especially resembles that chapter.
fixman88
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The End wasn't The End - Found a new home after the great exodus of 2012

Poni since '84
Ok, I remember seeing this same story in the old Star Wars Droids/Ewoks animated series in the 80s. Princess Kneesa dropped a bracelet in a pond and a lady came out and retrieved a really nice jeweled one that was much fancier than the one she dropped and asked if it was hers. She answered truthfully that it wasn’t so the lady retrieved her real one and gave it back.
Background Human
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My Little Pony - 1992 Edition
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CHS, Class of 20XX
“Together we can study magic three times as fast!”  
*human Twi coughs*  
“Study magic twice as fast and study science at the same time!”  
“Better.”
Background Pony #8CF6
@Background Pony  
Then I guess larva Mothra and Battra died and Imago Mothra and Battra took their places too. WINGS DO NOT CHANGE CHARACTER PERSONALITIES!
Background Pony #C37D
Poor unicorn Twilight was exiled after that by alicon Twilight. It was very sad.