I call it Pegasus Dreams of Cupcakes. This is my latest contribution to our International Tea Towel Tour:
It's for Sewsew-a-gogo's 4-year old daughter who likes monsters and baking. I hope she also likes green horses with luxuriant purple hair and pink wings. In case you were wondering, I do all chain stitching with 2 strands of embroidery floss. I think I did a very small amount of back stitches on the nose and there are just a few french knots.
The pattern is available HERE with a Pegasus from Andrea Zuill. I added the cupcake.