Celestia has had many protégés in her time, but none were ever quite as disasterous as Aurora Star. An attempt to teach her young student the value of friendship results in the disclosure of secrets best left kept and a serpentine plot to rediscover a long-forgotten magic.
Along to witness it all: the retired Admiral Sea Fair, a stallion who should have embodied the Element of Loyalty.
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DISCLOSURE
This story is written with no regard to seasons four through nine. I haven't seen them for the most part, and what I have seen I don't enjoy. Keep that in mind as you read.
Chapters (3)
The fun part about writing the past is that there will be fewer continuity issues with ignoring later seasons. Basically, unless Chrysalis shows up you don't actually need that "Alt Universe" tag (although keeping it anyway as a statement of intent is probably fine).
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Things will come up later which would definitely bother people were I not to include that tag. I really wouldn't consider it alternate universe for the most part as much as selective interpretation of canon, but its better to be safe than sorry.
Which is actually necessary in order to have a coherent universe in the first place because we care more about continuity than Hasbro did.