Oil Panic
Oil Panic is Mr. Game & Watch's Down Special Move. It is a very unique move in the sense that it can be held for as long as the player decides. Any energy-based attack (such as PK Flash or a Ray Gun shot) will be absorbed. Three attacks can be absorbed, and then Mr. Game & Watch will put the bucket away. The oil gathered can be used later as an attack with the potential for very high damage (around 2.8 times the combined power of the absorbed attacks). The damage is determined by adding up how much damage each of the attacks absorbed would have done had they connected. It's all more powerful on the ground than in the air. Hence, this move could be very powerful if it absorbed 3 fully-charged PK Flashes, but it would be very weak if it simply absorbed three shots from Fox's Blaster. Unlike other chargeable attacks, Oil Panic's "charges" last across lives; If Mr. Game & Watch is KO'd with two units of Oil, he will still have those two units when he respawns. Oil Panic will not absorb non-energy based attacks.
There is a glitch in Melee using this attack.
In Brawl, the move is capped at 60% damage, no matter what attacks are absorbed. The knockback is still immense, however. The attack also has a bit of lag afterward when Mr. Game & Watch puts away the bucket.
One interesting tactic to note in Brawl is that G&W is able to use the Bucket to save himself from killing knockback from other attacks. If G&W is hit by knockback that is barely able to KO him, it is possible for him do a N-air (his fastest aerial attack) to escape hitstun, and using the Bucket (as long as it is not completely filled) will cancel G&W's momentum completely. A video guide to this technique can be seen here. http://ca.youtube.com/watch?v=UuXBIYnMuTE
Origins
Oil Panic was a Game & Watch game, taking place at a gasoline station, where one would attempt to catch oil (leaking from the pipes on the ceiling) in a bucket. Once the bucket was full, one would have to pour the oil out the window to be caught by an awaiting assistant (making sure he's actually there, first. If he wasn't, you would miss, causing the oil to splash over a customer waiting below.) Oil Panic (specifically, its bottom screen) is one of the games that appear in the Flat Zone 2.
