It derives from the German "Das Leben ist kein Ponyhof" - A pony farm in Germany is the place little girls here like best. It means life isn't always a sheltered place. Like "life isn't always fair - accept it".
by Brittalein January 26, 2017
Really small breasts, but with perky nipples. German - translates to "(little) hedgehog snouts". More a cute, compassionate way to point to the fact a girl isn't overly well endoved than a downright derogatory term.
by Brittalein March 14, 2016