My Little Pony - Skyflier (1984)

Skyflier's back leg could use a little TLC from a more exprienced collector as she has trouble standing. This is reflected in her lower starting price. 

Skyflier had been working on her beautiful kite for weeks. "Red, white and blue... yellow, green and purple, too," she sang to herself as she added the finishing touches. Tossing it in the air, she ran along the tops of the clouds trying to fly it. Heart Throb, the pegasus, carried it high in the sky. Crash! Down it came. Skyflier was so disappointed. Bow Tie, watching from the meadow, offered a suggestion. "Ribbons! Give it a tail with ribbons!" Bow Tie tied on some of her prettiest silky ribbons and the kite quickly rose into the sky. "Thank you, Bow Tit!" Skyflier called.