Work in progress
About
We Bought Two Cakes, also shortened to Two Cakes, is a meme originating from the Hasbro animated series My Little Pony: Friendship is Magic. Typically featuring a still frame of the character of Fluttershy wearing an odd expression, it exists as an exploitable meme and a reaction image series, and has spawned a large volume of tribute art.
Origin
The still frame used in examples of the meme are taken from episode 7 of season 5 of the Friendship is Magic series, “Make New Friends But Keep Discord”.[3]
The first submission of the meme to the MLP image hosting site Derpibooru was of a short GIF of the original scene,[1] including Fluttershy making the face. The image was submitted on May 16th, 2015.

Spread
Various Examples






External References
[1]Derpibooru – Original Submission
[2]Derpibooru – We Bought Two Cakes
[3]MLP Wiki – Make New Friends but Keep Discord