Some one has to make a story out of this.If some one did then give me the name and the site where it is posted on.

Okay, so, given what kinds of theories in the comments I've seen and if I'm correctly interpreting the story here, it's going something like this:

Panel #1: Derpy and Carrot Top are exploring what appear to be the ruins of the Moon Palace (the old castle Luna and Celestia used to live in deep within the Everfree Forest), wherein undead spirits still stir and are awakened by the lively presence of the duo. The reasoning is that they may just be reacting to the presence of two living beings and/or they see them as potential allies in their war against their eternal unrest due to the sealed Ice Queen. They pursue them with that intent, but, due to being 2spooky4pony, Derpy and Carrot flee.

Panel #2: Having escaped, they end up in a deep underground passage beneath the castle ruins. Here they meet equally creepy giant spiders which they assume also want to harm them, but actually seem to be benevolent creatures in league with the undead to some degree. This seems logical as the mural in the next picture depicts Celestia and Luna having some kind of influence on the undead ponies and the spiders respectively. They seem to have been utilized as guardians of sorts to help seal away the Ice Queen and deter ponies from ever going near the place and possibly setting her free.

Panel #3: The Ice Queen, in the same fashion as Sombra, creates an illusory facsimile of herself masquerading as a benevolent entity in attempt to get Derpy and Carrot to follow her to "safety". This leads through a secret passage way into the deep underbelly of the Moon Palace where much of the actual city was located.

Panel #4: Journeying through the flooded ruins by gondola, the Ice Queen begins to weave some bullshit tale about her history, benevolence and possibly something about her sorrow at being alone for so long in this place, spoon-feeding it to Carrot Top whilst Derpy would rather take in the grandeur of the ruins. Unbeknownst to either of them, the Queen's wicked spirit, barely kept in check, seeps out into the landscape around them as they pass over it. This freezes water, earth, buildings and, as with the fleeing timberwolves, even living creatures solid.

Panel #5: Having sufficiently duped Carrot Top with her lies, she eggs the pair onward into the heart of the underground, wherein the crypt sealing away her and her Windigos is located. Derpy, having not been so easily seduced by the Ice Queen's stories, is suspicious, but against her better judgment presses onward with Carrot Top.

Panel #6: Upon entering the chamber, the Ice Queen's spirit--tied to the frozen block of ice within the chamber--erupts forth and pierces into Carrot Top's body, simultaneously implanting her soul into Carrot's body and switching places with her spirit. This reaction causes untold power to burst forth from the sealing stone which would have caught Derpy and likely killed her had the undead ponies not shielded her and dragged her away to safety, proving they were the good guys in this affair the whole time.

Panel #7-i: Upon reaching a safe area, the undead ponies take on semi-ethereal forms and convey the truth to Derpy, revealing the Ice Queen as the master behind the Windigos and the constant threat of eternal winter that followed them wherever they went. They infuse Derpy with the same energy Celestia and Luna empowered them with--the warmth of the Fires of Friendship and Harmony--giving her the strength to challenge the power of the Ice Queen as the undead ponies are not strong enough on their own in their frail, corpse-like shells.

Panel #7-ii: Meanwhile, Queen Frosty Flank has taken control of Carrot Top's body and transformed it to resemble her own form. Carrot's soul is now trapped in the block of ice and the Queen begins to muster her power with her new-found body.

Panel #8-I: Derpy, realizing the only means to save her friend and stop the Ice Queen before she can begin her tyrannical rampage across Equestria anew, cooperates with the armies of the undead and they begin training her as their champion. Turns out the spiders are actually shamans of sorts that can freely manipulate the Fires and use that ability to further empower Derpy and refine the energies now swirling within her to be used as effectively as possible.

Panel #8-II: The Ice Queen has successfully revived her imprisoned Windigos--her champions--and is now well on her way to constructing her fell force of frozen freaks with which she will ride into heinous battle with the unsuspecting denizens of Equestria. She will blanket the world in her frost and become its new ruler lest Derpy and the armies of the undead are able to stop her, with the odds unnervingly stacked in the Ice Queen's favour.

So now the scene is set for a titanic battle sequence that I would hope stretches at least a few panels to really to showcase the intensity. But, my goodness is this series a long time in the making: submission of the first piece in August of last year, with the last submission late March of this year. And it's currently May. I can see this stretching at least a fair few more panels with scenes revolving around the battle, maybe a few plot twists, perhaps some kind of escape scene and some redemption/melancholy, etc. so this is likely to continue on for some time.

I have to admit, you're quite talented to be able to showcase such a complex story with no more than detailed storyboards. They're really nice storyboards though. Kinda makes me wanna write some kind of fanfiction chronicling the series as it unfolds. Though I would assume there's probably someone else already doing that or the commissioner wouldn't want someone sullying this visual fanfiction with petty words, so I probably shouldn't.

So much suffering !!
Mah goodness, what even is this ? XD
DAMN! TOUGHT! Why would you do this ?

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Kick-ass art. Give us moar ! XD

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