The loyal and colorful companion of Rainbow Brite, as well as her main means of transportation throughout the entire universe.
He's also boastful about how "magnificent" he is, and he hates getting dirty. (Hmmm...Reminds me of another horse I know.)
Anyway, the basic lineart was created by http://weasyl.com/~syrinajones/submissions/1472005/rainbow-pony-lined
The rest was done by me.
The character belongs to Hallmark Cards.