This was pretty good, but this story has been really played out here on Newgrounds. You can search for (Name)'s Quest and come up with at least three or four different zelda-esque adventure parodies. Regarding the story, I feel like the only new thing you brought was that the two female leads were actually lesbians...that was unexpectedly funny. The art style was simplistic but just interesting enough that it was your own, and it had a really nice flow from shot to shot. My only complaint is the voices...every time the redhead grunted or made some sort of sound, it sounded off. Like other reviewers here said, it seemed like it was a guy. So unless that's something you were intentionally "parodying" for the character's design, I would advise to make it sound more female next time. I also feel like there were some opportunities for dialogue but it was all mostly visual gags and music that paced the movie...dialogue maybe could've added more substance between scenes but that's just my opinion.
My advice for your future work would be to work on more original story ideas(and even invent new comedy bits instead of relying on what works)...having more believable voicework and sound effects, and maybe even upping your animation quality (shading, more inspired character design) Despite all this I did enjoy the movie, it just could have been much more.