I've been planning this image for a couple of months now, and working on it actively for a couple of weeks. Finally completed it.
I'm thinking of doing a more compact version that has a tighter focus on just Spike, which was the original idea, but when I came up with the startled Fluttershy concept, I just had to include her.
The title can be translated to mean "Equestria triumphs", "Equestria conquers", "Equestria wins", or pretty much anything along that line.
Fluttershy is best commander: [link]
Equestrian flag: [link]
Spike triumphant: [link]
Vector sources used to assemble the image:
Spike, Fluttershy, and text (Illustrator CS6): [link]
Flame effect (Illustrator CS6): [link]
Equestria landscape (Illustrator CS6): [link]