Reading and highlighting is the foundation of any good study method. It allows the student to hone in and boil down on what's really important, separating the good from the bad, the wheat from the chaff, getting to the crux of things. Let's see what you've got so far.
[Twilight begins her lecture on the Wonderbolt's history. Throughout this, Rainbow rocks her stool back and forth, making a rhythm while Owlowiscious and Spike join in.]
Prior to the Great Celestia/Luna Rift, there was no need for the Earth-Unicorn-Pegasi, or EUP, Guard. But after Luna’s banishment, the Protective Pony Platoons were formed. On the anniversary of the first Celestial Year of Peace, a celebration was held, Headed by General Firefly, an elite team of aerial performers were chosen to commemorate this auspicious occasion. The first performance was so full of energy, so highly charged, that magical lightning showered down on the crowd. Everypony was so filled with amazement and wonder, that General Firefly dubbed them: The Wonderbolts.
[She finally notices Rainbow goofing off; Owlowiscious and Spike stop what they're doing and leave the scene.]
Commander Easyglider! Do you know how many Pegasi flew in the original squad? Seven! Do you know Princess Celestia's favorite flight pattern?! The Icaranean Sun Salutation! See? I could pass the test!
You can’t break the rules!! Did anypony see you do it? I don’t think anypony saw. But you are not gonna say anything, are you?! [giggles] Just kidding! [mischievously] Or am I?! Sometimes I can’t even tell.
Well it's just, Princess Luna raises the moon, Princess Celestia raises the sun, you protect the Crystal Empire (Cadance), and all I seem to do is... smile and wave.