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Description

The Kanji at the bottom left may translate to “(The) Seven(?) Variants”, with the (?) included by the artist. It apparently refers to a traditional Japanese art that involves an actor/actress changing costumes six times in a play (and so wearing seven different ones in total). Luna appears to be ‘playing’ the mane six.
 
Princess Celestia is basically saying ‘you did a good job’.

safe2175681 artist:pepsiso7 artist:ぺぷしそ1 applejack200613 fluttershy258797 pinkie pie255992 princess celestia112754 princess luna117238 rainbow dash280084 rarity217653 twilight sparkle358017 alicorn314740 pony1603974 g42030474 accessory swap2071 alicorn six104 applecorn366 camera5206 concave belly5437 cosplay32943 elements of harmony2896 everyone is an alicorn164 female1804251 fluttercorn416 japanese10138 mane six37642 mare741993 paint2389 pinkiecorn566 pixiv14495 rainbowcorn460 raricorn952 slender6803 thin10008 twilight sparkle (alicorn)149516

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