Panty & Stocking With Garterbelt

Panty & Stocking With Garterbelt is the latest series from Gainax (famous for such titles as the FLCL series* and the feature-length film Wings of Honneamise). It's profane, often disgusting, perhaps even a little sacrilegious...and a whole lot of fun.
I'm sure this sounds rather naive to you, but it's rather cool that a currently-running Japanese animated series is so readily available here in North America. Gone are the days when one would have to wait for Adult Swim or Teletoon to bring a dope anime show over. Now, it's up to you: you can watch it on YouTube illegally, or get with Crunchyroll and watch with a clear conscience (and a few commercials).
Of course, you could also hit up a torrent, you fuckin' pirate.
EDIT: All due props to Labyrinth for introducing me to the show!

*I just found out that Funimation will be carrying the long out-of-print series on DVD. I'm all happy n' shit!