Warning: Those who haven´t watched the cartoon series won´t get the comic series.
here´s my review of the first volume of the My Little Pony FiM graphic novel (unfortunately without moving gif, because I didn´t find them): it cracked me up to tears.
And here´s the long version:
The story takes place somewhere between "A Canterlot Wedding" and "Party of one" (insert Pinkie gif "Because the cannon contained the dough for Guppy´s b-day cake, duh!")
Queen Chrysalis is beaten & takes over a village of all-loving kitties to plot a revenge against Twilight Sparkle, because it seems Twilie annoyed Chrysalis more than Celestia or Cadance did (okay....)
(Insert angry Fluttershy gif "Vengence for the kitties")
Her plan contains kid... ah... follienapping the CMC´s taking over Ponyville & setting an ultimatum to Twilight & her friends for rescueing the CMC´s within 3 days. Since Princess Celestia is out of reach because of an upcoming mystical power event (upcoming the next 3 days), the Mane Six decide to rescue the CMC´s without any other help, while Spike should try to reach Celestia (big laugh for the "the Princess can´t take your message right now"-scroll).
(insert Rainbow Dash gif "I said, it is a trap.")
I really liked this story arc. MLP FIM cracked me up since I stumbled over it on Youtube and as far as I can see the comic series is even better.
(insert "20% cooler" gif)
Even though Lauren Faust hasn´t written it, the ponies are totally in character. And we get a lot of laughs because of pop culture references from other movies and cartoons (i.e. Indiana Jones, Kim Possible...).
Pinkie Pie especially has a strong point here. Herr wackyness seems to be less annoying in the book than in the episodes and it makes more sense than the randomness she throws inside the tv episodes.
(insert Pinkie gif "Madness with method")
Plus she breaks the 4rth wall constantly and in fetches items out of nowhere in old school Looney Toones manner (seriously, where did she got the party cannon from?)
(Insert confused Twilie, Dashie, Flutter, Apple & Rari gif)