I saw the episode in question (it was part of the premiere week episodes), it doesn't. I remember the panda was named Allegro (not a name you hear often) so I Google Image searched and thankfully found a good image of it from the front:

I actually remember the episode ends revealing Allegro wasn't even a panda, the panda part was some kind of "shell" and it was really a much smaller bear, and the moment its shell was gone it basically imploded on itself. Seriously the whole deal with Allegro felt like a metaphor for "raver culture" and the use of the drug ecstasy. Hell the reason why Blossom and Bubbles are twerking is because they're being mind controlled (Buttercup avoided it, and it's actually worth noting she reacts with disgust at the twerking), with the mind control "thing" they were hit by seriously looking like an ecstasy pill.

I wonder if that says anything about the writers for this episode…