I'm don't know of any tutorials off hand or anything, but I do know that you can unravel gifs. Just open up the gif in PhotoShop. I haven't done it in a long time, but you can get what each frame looks like.
I know this doesn't teach you how to create the effect, but you can at least see how each frame is put together. You can then edit each frame and might be able to, with some finesse, change the green in each frame to red. Just something off the top of my head.