Lyra and Bon Bon Save the World
The brainchild of Supertrentyguy, Lyra and Bon Bon Save the World is a fairly standard side-scrolling platformer/shooter with some absurdly huge jumps and mostly offscreen action, since spamming bullets on the first few levels will usually take out most enemies before you even see them. Still, with fixed controls and better level design this could make for a rather entertaining fangame, although I doubt it'd ever end up matching something like Megapony.
There needs to be a joke version of this game with this playing as the background music.