This takes place right after the events of Twilight Princess, and the defeat of Ganondorf. A new evil has risen in Hyrule. Once again, Link is going to save Hyrule once again. However, Link is suddenly transported to this new world called "Equestria."and meets colorful ponies.
Disclaimer: I don't own the Legend of Zelda franchise, or characters. Rights for Zelda go to Nintendo. Rights for My Little Pony go to Hasbro