Given how Episode 4, part 2 turned out, wouldn't it make sense for Panty to be a futa? Since the underwear Panty took from the boys to turn into weapons took on the characteristics of their respective penises (tiny, pencil, curved, etc.), shouldn't Panty herself have a penis, too?
Zekana said: I really can't see Panty being a futa here. She seems like the type who would have Stocking be the futa as she grinds her then how this is presented.
though then again, its funny either way and feels like something that may actually happen given enough motivation from Panty.