Flag of. Ponyville: 

The yellow symbolizes, a brighter future for the town. And the vibrant personalities of the citizens. The pink, symbolizes, love and friendship, and how significant it is to Equestrian culture. The pony, symbolizes the citizens, and its history of pony pioneers. 
 

Closing statements:

I hope you like what I did! I tried to keep it simple, what’s the pony too much? If you have any comments please say something it would be much appreciated! Constructive criticism would also be appreciated!

(Please don’t mind the weird red border around the flag, it is not part of the flag, I’m just using a new software: https://flagmaker-print.com/ )