Goodness, this picture took me ages (can you tell?) -- not only the drawing itself, but the multiple concepts and inspirations behind it. In late April-March, 2005, I had the opportunity to visit Italy (Pisa, Florence, Siena, Assisi, Rome) and was mightily inspired by the art i saw there and tried to relay that inspiration in this image. First, the central figure ('Titania', although she really wasn't modeled after the Shakespearean character) was inspired by Titian's paintings, such as The Venus of Urbino and The Penitent Magdalene. (And yes, she does have a left arm, its behind her head).
The various figures around her are also inspired by images or concepts. For example, the male figure in the upper right is inspired by Caravaggio's Bacchus' whereas the male figure on the left is inspired by anime. The blonde fairy in the bottom right is inspired by modern fashion ideals whereas the brunette fairy above her is inspired more by antiquated aesthetics. The other two fairies on the left have no particular inspiration. The unicorn is inspired by medieval tapestries. I've also used a consistent floral pattern throughout the entire piece to pull the various elements together.