This is a fic based on the Time Loop Files, the format of which was first codified by Innortal on fanfiction.net.
Here's a brief guide.
The basic idea is, one character (the Anchor, usually the main character of a fictional setting) is looping back to the very first moments of their parent series every time either they die or some kind of time limit expires. They of course end up monumentally stir crazy given enough time.
Eventually others start to loop as well.
The reset is not always perfect. Sometimes a loop's history will be different to the "prime" loop, or canonical plot.
"Crossover" or "Fusion" loops also occur, randomly. These can involve the home loopers having a guest, or the anchor for one universe spending time in another, or replacements of one character by another.
Vacation Loops are where the Anchor (or others) decide/s "buck it" and lets off steam by doing whatever comes to mind. There's little or no attempt to maintain the original timeline.

In addition, and particularly more recently, it should be known that this story has a collaborative element to it - people may submit loop ideas or loops, ideally at the Spacebattles thread (a link to the current version of which is on the Trope page), and they may become included.

There's two page image options, thanks to Filraen - the current page image has been edited by the original creator from this work of theirs.. The other one is here:
http://hourglass-vectors.deviantart.com/art/MLP-Loops-466030169

On a dark night filled with even darker magics, an insane cult attempts to give Nightmare Moon a body and life of her own, utterly separate from Princess Luna. But, when the spell is interrupted by Celestia, something unexpected is created.

Now, a little black alicorn filly named Nyx finds herself living under the care of Twilight Sparkle, only to be haunted by memories and emotions from her past. Is she Nightmare Moon reborn or is she simply a doppelganger with a soul and mind of her own? Can Twilight Sparkle protect Nyx from those who refuse to see past her dragon eyes and black coat?

Or, will Nyx be forced to inherit the sins that may not even be hers and become the greatest evil Equestria has ever known?

CURRENTLY PUBLISHING PHYSICAL COPIES, UNTIL THE 25th OF SEPTEMBER: http://igg.me/at/InnerGloryFinalFund

After doing some research into the history of Alicorns, Twilight finds a dead end. When she chooses to pursue it against Celestia's wishes, she finds herself entangled in a messy history that some want forgotten. An Alicorn's position comes with sacrifice. And when given power, one will always be in want of more...

A complicated explanation for the history and intricacies of the My Little Pony universe. If you're reading this, be ready for the long haul.

A rewrite, or rather, the heavily revised and actually worth reading version of The Struggle for Power, my earlier work. Think of that as an alpha build, and this as the "released-to-the-public" program.
http://www.equestriadaily.com/2011/05/story-struggle-for-power.html