A recent upload to YouTube provides a valuable lesson in lip syncing for animation and is especially helpful if you use Flash. The subject is from the popular series My Little Pony currently airing on The Hub Network. Although the video is fan produced, it gives a good explanation of how lip syncs work for animation in the manner of a show such as this one. The video is getting a surprising number of views considering its content. The topic is featured in Education on the AN Forums where you can find a link to the source files and other links related to the video.

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