The tenth episode of Panty and Stocking with Garterbelt presents the main characters as a rock band playing a TeddyLoid song.
The music video makes quite a few references to existing music videos, as well as to famous scenes in rock and punk music. For the curious, I’ve listed all those I was able to recognize below. Panty’s concert outfit references riot-grrl performers in general, whereas Stocking looks generally like a gothloli (think Kanon Wakeshima in darker colors, with a slightly different hat.) Costumes change quite a bit; Garterbelt starts out in nondescript black and is at one point dressed as Freddie Mercury (which is about as far from nondescript as one can get.) The imprint in the corner of the screen, PSG, resembles the MTV logo imprint. More specific references follow: