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1. Noun. Content relating to the My Little Pony franchise (and especially My Little Pony: Friendship is Magic). This content can include (but isn't limited to) fan art, fan fiction and photos.

2. Plural for pony.
1. MODERATORS ARE ASLEEP; POST PONIES
SO MUCH PONY

2. The ancestors of most modern ponies developed small stature due to living on the margins of livable horse habitat. - Wikipedia
"Modern Warfare 3 cost me two ponies!"
ponies by Wimbleflat February 18, 2012
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the name of any intramurel sporting team that is stacked with prossional players.
"I can't believe we lost to those ponies, JUST because they added Lebron and Kobe to their roster!"
ponies by mike sok October 30, 2009
A exclamation originally mocking people that don't know that "pwn" is pronounced "own" and not "poan" - hence "ponies". (See definition of "pwn".) Doubly funny now that many of the people who eagerly proclaim "ponies!" are the same people that are being mocked and, yet again, they have no idea what they are saying. Lately, the expression has taken on a life of it's own and is used interchangeably with "PWNED!"
In a video game: "OMGPONIES! Did you see me kill that n00b?!"
ponies by Christofire June 29, 2007

PONIES MY ASS 

When bronies parents find out they fuck ponies
Brony: MOM IM SORRY ITS A VIRUS FOR PONIES

Mom: PONIES MY ASS. IM GETTIN THE BELT

Brony: NOOOOOOO PLEAAAAASEEEEEEEEEEEEEEE
PONIES MY ASS by bigbootybitches655 September 14, 2020

ponies are north

A phrase created by Upper Elementary students used when teachers are near, so all inappropriate conversations can be stopped
Student 1: Yo I wanna fuck her while--
*Teacher walks towards students*
Student 2: Ponies are north!
Student 1: *acting as if he is working* What did you get for question 3?

owns ponies 

The term describes something that is exceptional, or awesome. It is derived from "pwn" which is ultimate nerd internet ownage. To own ponies is to do something amazing or be amazing.

The reverse of this, sucking, is to "blow ponies".
"She let me get to third base on the first date! Third base totally owns ponies!"
owns ponies by Sexjelly October 28, 2007

Magical Ponies

Magical Ponies are as the name implies, ponies of a magical variety.

They are invisible to all but a gifted few, however as they largely feed on fat kids, you can occasionally see the shimmering outline of a Magical Pony in the crumb haze that follows.
Person 1: Hey look at that fat kid run!
Person 2: Woah man, look into that crumb haze! There must be at least three Magical Ponies right on his tail!