Stocking is the younger of the Anarchy sisters. Stocking greatly enjoys eating various desserts and sugary food, but doesn't seem to gain weight she insists all the fat goes towards her breasts anyway. However, she acts quite enraged and sensitive whenever anyone calls her fat. She does not share Panty's obsession with sex, even though she does display some masochistic tendencies, such as bondage and electrocution. Instead, Stocking claims she has very special standards in men, and would rather be with someone she truly loves then simply for sex. She strings men along not wanting them to believe she is 'easy' , and would never cheat on someone she truly loves.

The series follows two angel sisters, Panty and Stocking, who were kicked out of Heaven for bad behavior and, in order to return, must earn Heaven Coins by defeating Ghosts, evil spirits that plague Daten City. The show's music and themes are composed by Taku Takahashi of m-flo. Each episode's title is a reference to film titles, both Japanese and international. The series has been licensed in North America by Funimation Entertainment.

The show revolves around the benefits of the Anarchy sisters, consisting of Panty and Stocking, two angels who were kicked out of Heaven. They were sent to Daten City, a place that is on the border between Heaven and Hell, which is surrounded by evil spirits that are referred as "Ghosts". By doing so, the sisters earn "Heaven Coins" with which they intend to one day use to buy their way back into Heaven.