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Pony Land in Danger, Part 3 of 3.

Source: My Little Pony comic № 14, “Home for a Cuckoo”, 1985

Original collector's summary and comments —

Summary: The ponies have hidden everything red to prevent their land from being taken over by the powerful red cloud … but Spike doesn’t know that and has just hung three red flags on the turrets of the castle! Oh no!

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Oh Spike. You’re a hazard to life and limb sometimes, but we love you anyway! Despite saving the day, Flutterbye is not pictured. (She’s an orange pegasus with rainbow hair.) No respect, no respect!

The pony who looks like a close relation to Surprise is Honeycomb.

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Gallery here