BTG your a bit impatient arn't you.
Fancy Pants is done in Adobe Flash. They will have done a few sprites, added them to one movieclip and then used Actionscript to mirror and flip sprites, and used frames or even more actionscript and movieclip effects to change the hue ect.
Each frame in the movieclip will have a different character state.
It will be done dynamicly and using functions.
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You just can't help it can you :P