Is it just me or does the characters in My Little Pony: Friendship is Magical seem a little unstable.
Drawn by hand
Colored in Photoshop.
My Little Pony: Friendship is Magical is owned by Lauren Faust
ADDED NOTE (Aug 28, 2011): I never expected this to become so popular. I drew this when I was feeling a bit unstable and depressed. I am not too happy with my coloring in this to tell you the truth. But heck, if you all enjoy it, then that makes me happy.
ADDED NOTE (Oct 17, 2011): I guess Twilight is crazy too (if not crazier) [link]