My Twitter: http://goo.gl/yTQcO7 | The song is from season 2 episode 7 of MLP:FiM.
♫ Lyrics for the song:
----------
[Fluttershy]

Now, Rainbow, my dear, I cannot express my delight
It's abundantly clear
That somewhere out here
Is the pet that will suit you just right

[Rainbow Dash]

I can't wait to get started, but first let me set a few rules
It's of utmost importance
The pet that I get
Is something that's awesome and cool

Fluttershy: Awesome, cool, got it!

I have so many wonderful choices, just wait, you will see

[Rainbow Dash]

I need something real fast like a bullet to keep up with me

[Fluttershy]

Sure! How 'bout a bunny?
They're cutesy and wootsie and quick as can be

[Rainbow Dash]

Cutesy, wootsie? Have you even met me?

[Fluttershy]

Rainbow, have faith
You see, I will bet you
Somewhere in here is the pet that will get you

Fluttershy: Come on, the sky's the limit!
Rainbow Dash: Sky is good. I'd like it to fly.
Fluttershy: Really? Because I think this widdle puddy tat has your name written all over it. Yes, he does. Aww, look, he likes you!
Rainbow Dash: Pass.

[Fluttershy]

I have so many wonderful choices for you to decide
There are otters and seals
With massive appeal

Rainbow Dash: Otters and seals do not fly.
Fluttershy: Maybe not, but I've seen this particular seal catch ten feet of air when he breaches the water!
Rainbow Dash: That's it. I'm outta here.

[Fluttershy]

Wait! There must be a pet here
That will fit the ticket
How 'bout a ladybug, or a cute cricket?

Rainbow Dash: Bigger. And cooler.
Fluttershy: Bigger, cooler. Right.

[Fluttershy]

I've got just the thing in that tree, Dash
Meet your new fabulous pet, Squirrely

Rainbow Dash: It's just a squirrel.
Fluttershy: Not just any squirrel. A flying squirrel!
Rainbow Dash: ...Yeah. So, like I was saying...

[Rainbow Dash]

Fluttershy, pal, this won't cut it
I need a pet to keep up with me
Something awesome, something flying
With coolness that defies gravity!

Fluttershy: I'm sensing you want an animal that can fly.
Rainbow Dash: Ya think?

[Fluttershy]

I have plenty of wonderful creatures who soar in the sky
Like a sweet hummingbird or a giant monarch butterfly

Rainbow Dash: Better, but cooler.

[Fluttershy]

I see. How 'bout an owl, or a wasp, or a toucan?
There's so many wonderful creatures the likes of that
There are falcons and eagles
They are both quite regal
Or perhaps what you need is a dark and mysterious bat?

Rainbow Dash: Now you're talking. But instead of just one standout, now that's too many.

[Rainbow Dash]

So many choices, and such riches aplenty

Fluttershy: Not a bad problem to have, if you ask me.

[Rainbow Dash]

The bat would be awesome, but the wasp I'm digging too
Do you have something in a yellow striped bat?

Fluttershy: No.

[Fluttershy]

I've got a hot pink flamingo, just dying to meet you

[Rainbow Dash]

What to do, what to do? [gasp]
A prize! That's it! There's really just one way
To find out which animal's best
Hold a contest of speed, agility, and guts
That will put each pet to the test

[Fluttershy]

Don't forget style, that should be considered

[Rainbow Dash]

Then we'll know for sure who's best of the litter

[Fluttershy]

The one who is awesome as cool

[Rainbow Dash]

Just like me
Can't settle for less, 'cause I'm the best

[Fluttershy and Rainbow Dash]

So a contest we will see

[Rainbow Dash]

Who's the number one, greatest, perfectest pet

[Fluttershy and Rainbow Dash]

In the world for me

[Fluttershy]

May the games

[Fluttershy and Rainbow Dash]

Begin

Rainbow Dash: And may the best pet win!