The Megan and Twice as Fancy Sundance set, printed in Year 7 (1988-1989), was the third and final Megan and Sundance set. It followed the much earlier Megan and Sundance set of Year 3 and Megan and So Soft Sundance and Molly and Baby Sundance sets of Year 4. Twice as Fancy Sundance is in a different pose from the previous Sundance ponies, and has a different hair color, with a color-changing strip like the Sunshine Ponies. The Megan doll who came with her is also quite different from the previous Megan dolls.
Megan and Twice as Fancy Sundance came with a dark pink basic comb and two ribbons, as well as Megan's clothing (a dress, panties, and shoes).
Sundance is a white Twice as Fancy adult earth pony with light blue eyes. Her hair is light pink with a strip of color-changing white which turns magenta in sunlight. Her symbol is an arrangement of pink tracery patterns, each including four symmetrical heart shapes. Sundance is the only pony who was designated as "Twice as Fancy" by Hasbro yet does not have a symbol printed on her nose or cheek.
Twice as Fancy Sundance's pose, the Crumpet Pose, is the reverse of the Bow-Tie Pose, in which the previous two Sundance ponies were printed. This Sundance came with a dark pink basic comb and a ribbon, as well as a new Megan doll.
Megan is a young girl with blond, curly hair and blue eyes. The first Megan doll was released in Year 3 with the original Sundance, and another appeared in Year 4 with So Soft Sundance. The Megan printed in Year 7 is is taller than the previous two, and has a rounder face. She also has color-changing strips in her hair which turn magenta in the sun.
Megan came with a pink and white dress, two dark pink shoes, a pair of white panties, and a ribbon, as well as the pony Sundance.