Ponies are tiny horses. (Colorful magical ones in this case). Thus, they have hooves.

How does hooves hold and manipulate objects? (Nevermind instances where pegasi manipulate things with their wings and earth ponies seem to manipulate things with their.. manes and tail, apparently Pinkie Pie picked up a few pointers from the Mane-iac)

Most authors say magic. Less edumecated ones say "magnets". But most objects are not ferrous. So that was never a satisfactory answer.

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