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Champions of Equestria

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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’.

safe2188304 artist:pepsiso8 artist:ぺぷしそ2 applejack201721 fluttershy260182 pinkie pie257399 princess celestia113289 princess luna117736 rainbow dash281807 rarity218755 twilight sparkle359787 alicorn317277 pony1617855 g42044270 accessory swap2081 alicorn six104 applecorn369 camera5233 concave belly6985 cosplay33382 elements of harmony2903 everyone is an alicorn165 female1818197 fluttercorn417 japanese10163 mane six37724 mare751424 paint2404 pinkiecorn570 pixiv14479 rainbowcorn462 raricorn956 slender8411 thin11973 twilight sparkle (alicorn)150194

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