Nice!
Here's one that I did for some friends in the past. Each girl was actually two layers - one for the main body, and a second one for the hue-shifted leggings (the original was pink leggings). I also desaturated the base layer since he's supposed to be dreaming. This was one of my first photoshop undertakings, so my masking is pretty lousy, especially on the feather boa on the blue-leggings girl.
Your execution was much better ... but I'm getting there.
Fashionable_Hobos.20110814.8451-Edit.jpg
by nathancarter, on Flickr
