*Panty Anarchy is the titular main protagonist of Panty & Stocking with Garterbelt. She is the older of the Anarchy sisters. Her name is derived from the object she is able to weaponize.

Personality wise Panty is lusty, shameless and uncaring. She is incredibly proud of her figure, and will shamelessly flaunt it off, whether it be to get men or to just plain show off. Even when there's a huge threat present, Panty's mind will always either be on sex or just having fun.

Panty has pale skin and the typical "Spiky Hair" hairstyle. Her hair is long and blonde and her eyes are blue. Panty has fashionable clothing. Her panties in this form have a cyclamen color. She wears dark red heels with a belt on both, a dark red dress and dark red hoop earrings which matches the colour of her dress. She also wears a gold necklace and two gold bracelets on both of her wrists. In many episodes, she wears different clothes, but this one is considered to be her main.

Panty's defining trait is her promiscuousness. She is obsessed with sex and has it as much as she can, to the point where it is all that she can think about. Panty has relatively low standards for men, something that Stocking has mocked her for several times. In "Panty + Brief", Panty revealed that ever since she and Stocking came down to Earth, she planned to have sex with 1,000 men in Daten City to reach her "No Sex, No Life" goal before they returned to Heaven. In the Manga Strip series, her thirst for sex is pushed even further, as she is shown to have had sex with other women. She is the embodiment of Lust, one of the seven deadly sins.

Due to her sexual appeal, Panty is quite popular amongst the general public. The episode "Sex and the Daten City" showcases her life as a celebrity, which she enjoys immensely. She owns an entire management team, plane, yacht, dog sled, and rocket ship. She was also shown doing photoshoots for several clothing brands.*