I figured I'd do a recap of the story for those of you who haven't caught up yet. Here goes.
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It's the twilight age, the nickname of the chaotic era in which Queen Platinum is on the throne, doing her best to keep Equestria in check during an uprising led by Shokenda Blackwing and the Blackwing rebels. Nopony is quite sure what warranted the rebellion, only that Shokenda is very powerful, and keen to take the throne.
Caro of Riverhoof, an apprentice blacksmith, is on a business visit to Reinoc with Master Hammerfell. A dragon, who are rarities in this time, descends upon the town and kills everypony in sight. Caro witnesses his master get torn apart and enters a blind rage, gutting the dragon. He then falls unconscious, during which he is arrested by the Imperial Legion. He is charged for the destruction of Reinoc and is sentenced to death.
The execution is cut short by the Blackwing rebels. Tohro Blackwing, a pegasus thief, saves Caro from the axe and brings him to Shokenda. Shokenda demands Caro be escorted to Fillydelphia. Caro and Tohro make their way underground and out into the fields of Equestria. They have a brief meeting with an oppressed zebra bard named Xephyr, who plays them some music and goes on his merry way.
Meanwhile, Shae, a unicorn at Wintercolt Academy, decides to investigate the attack on Reinoc, believing there to be more to the story than a mass murder on Caro's part.
While on the trail, Caro brutally murders a battalion of Imperial soldiers in self defense. He realizes that since the Reinoc incident, he's developed a sociopathic desire for blood and violence. He quickly becomes concerned that he may hurt somepony by accident, but Tohro dismisses that, as he believes Caro would never attack somepony he cares about.
Later, Caro and Tohro witness the arrest of Jade, a Blackwing unicorn. They're unable to rescue her but they do recover her hornlet. Caro becomes enraged when he deduces that Jade was raped by the soldiers before they arrested her, but there's nothing he can do to avenge it.
Making a pit stop at Trottingham, Caro does business with a fellow smith, a chipper earthwalker named Rosemary, before setting off to speak to the town's leader, Jarl Drake.
Jarl Drake is a unicorn who uses a substance called liquid glass to see into the immediate future. She asks that Caro tell her what actually happened at Reinoc. Afterwards, Boysenberry, Jarl Drake's court wizard, requests that Caro and Tohro go to Beak Falls Barrow and retrieve a gem that should allow them to investigate the dragon attacks further.
On their way to the Barrow, on the pass through Mount Everfree, Shae runs into Caro and Tohro while on the run from depraved bandits. Caro, wanting to do right for once, takes her under his care.
At the entrance to the Barrow, the group is confronted by General Tangerine, who has been hunting Caro down for some time. Caro is willing to surrender so Tohro and Shae don't get hurt, but then Ezio of the Thieves Guild shows up, along with his fellow gryphons.
After a long and grueling battle, Shae goes into a magical overdrive and kills several of the gryphons, though it's Tohro who kills Ezio with an arrow to the kn- head. He then knocks out Tangerine. He, Caro and Shae continue into the Barrow.
Several waves of Draugr crawl from their graves to kill the group, but they persevere long enough to reach the inner chamber of the Barrow and meet Otar, the last living Precursor and Dragon Priest. Precursors were an equine that came before ponykind, but several disasters wiped them clean from the world.
Otar explains that Caro is a Dragonborn, for he carries dragon blood in his veins. He uses the crystal Boysenberry spoke of to show Caro the draconic language and awaken him. Caro gets draconic eyes and can now use the language as a weapon.
Tangerine returns and explains she is no longer a general, as she was fired following Caro's escape. She offers to assist the group further, as repentance for assaulting them earlier. She's still reluctant to believe Caro is innocent, or that he's a Dragonborn, though. She assists a sick Shae to the Trottingham forge. She's not happy to see Rosemary, who she reveals is her daughter. Rosemary and Shae bond quickly over making a healing potion, with Rosemary revealing she is a fan of unicorn magic.
A dragon attacks Trottingham, and Caro, with his newfound strength and power in hoof, confronts it. It's the same dragon he fought and killed at Reinoc, somehow still alive. He proceeds to slay it, though he's seriously injured in the process. Shokenda appears and demands that Caro be worshiped like a god, but Caro tells her to shut it. Tohro then confronts Shokenda, explaining what has happened. After she orders Shae and Tangerine killed for the sake of convenience, Tohro refuses. He's expunged from the Blackwings with a nasty scar across his left eye.
Caro, Shae and Tohro reconvene in a tavern and decide to officially name their group Dragonrein. Jarl Drake then requests that their first task be requesting assistance from the Imperial Legion, as Shokenda is going to assault Trottingham. Caro is reluctant, but Tohro and Shae push him forward.
On their way to Everfree, Dragonrein comes across Xephyr. They end up in a foreign realm where they come across Discord, the embodiment of chaos, and King Hurricane, who has been dead for some time. King Hurricane is trapped between worlds due to dying of misery, and Discord cannot leave this mental world until the king's mind is set at ease. Hurricane tells of his romantic affair with Platinum during the Great Blizzard, before becoming enraged at himself. Discord decides to send Dragonrein away from the mental realm for the time being.
Dragonrein is teleported to Everfree and meets Queen Platinum, who is quick to believe them about Hurricane's fate. Xephyr lets Caro's name slip, and Platinum privately confronts the Dragonborn about Reinoc, but he explains his innocence and Jarl Drake's request.
Another dragon appears. This one is much more difficult for Caro to handle, and he ends up briefly hospitalized. While the city is evacuated into shelter, Caro is requested to go find Celina, Platinum's daughter.
Tohro finds Celina first, though, alongside a young colt named Treesap. The latter two are kidnapped by the dragon. Caro and Tohro manage to rescue the two after the Dragonborn slays the beast. For the heroic feat, Dragonrein is recognized as an official guild.
Meanwhile, Tangerine has sent Rosemary home and has been offered a place to stay by Wolf River and the Carrier Clan. She spends most of her time moping and getting drunk until Wolf River comes to her with a quest offering. They go into Dustcolt's Cairn and confront a cult named the Silver Horseshoe. In a moment of tension, Wolf River transforms into a wolf and kills all the cultists.
Tangerine, grateful for Wolf River's hospitality and protection, decides to have sex with him, and it is wonderful.
In the middle of the night, Shae encounters Celina in a vulnerable moment, discovering that Celina is an alicorn. While Celina is embarrassed by this and believes herself to be a freak, Shae convinces her otherwise. They have a friendly bath together.
Caro finally finds the soldiers that raped Jade and brutally murders them, and Tohro witnesses the whole act. He decides to not tell anypony, and instead decides to use it as leverage against Caro, just in case he steps out of line again.
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That's the story so far. What a doorstopper. Back to work on chapter nineteen.