Ep. 4: Stocking battles a weight-gaining ghost while a lingerie race is disrupted by an underwear-eating spirit.
Aired on October 23, 2010

4
Stocking undergoes a severe diet to lose weight but continues to grow larger until she becomes enormous. The root cause is identified as a heavy Ghost who refuses to diet, prompting Stocking to seek revenge. After successfully defeating the spirit, Stocking regains her original physique. Meanwhile, at Daten City High School, a lingerie run takes place where participants race in their underwear. This event is interrupted by a Ghost that consumes underwear, including the weapons of Panty and Stocking. Consequently, Panty is forced to utilize whatever underwear she can locate to continue the race and address the threat.
Episodes
- Ep. 1 · Panty and Stocking investigate toilet ghosts threatening Daten City while recovering stolen underwear
- Ep. 2 · Investigating disappearances at Daten City High School leads to confronting Queen Barby and a leaked adult film.
- Ep. 3 · Panty and Stocking argue over pudding but unite to stop vengeful sperm ghosts causing a tissue shortage.
- Ep. 4 · Stocking battles a weight-gaining ghost while a lingerie race is disrupted by an underwear-eating spirit.
- Ep. 5 · Oscar H. Genius hosts a blimp party in Daten City while Terao creates a vomit ghost in Little Tokyo.
- Ep. 6 · Panty and Stocking face the Demon sisters Scanty and Kneesocks who run a fake Ghost factory.
- Ep. 7 · Panty and Stocking fight alien robots and bet with Demon sisters to earn three million dollars
- Ep. 8 · Panty and Stocking face a zombie horde and a trial for a ghost's murder.