Apparently the UT site Shaggybevo has an annual MS Paint/Gif thread for the week of the Red River showdown. In a completely sophomoric, 4th grade kind of way (this is the Big 12) it is pretty funny. Be warned however that it heavily features Coach Stoops and a variety of images depicting the male anatomy.
No Paint or Gif skills from me, but it would be fun to do something similar here (maybe minus the, um, dicks). OSU obviously but I think Sparty could provide plenty of fodder.