Pageant PSD

Hit 'download' for the file.

I have to add this as its own file since the editing system for deviantART has been over-simplified - you can only update the same file types and as a result, I can't attach a PSD and make the previous deviation a preview image.

Made using PHOTOSHOP CS3

Opening with PS will allow you to see both the layers making it up and the individual frames (using the "Animation" window, which is also available in CS2 and I think CS)

To view using GIMP

Open the PSD to look at layers. Right cilck > Save as... on the original GIF and open to look at frame-by-frame (since GIMP hand;les animation differently).