Cool oldskool image effect

Does anyone know how to make this cool image effect
its on the title screen to this game (megaman vs ghosts goblins)
http://www.zeronews-fr.com/flash/megaman_vs_ghostngoblins.php
if you dont want to download 2mb to see what i mean ,i have made some snapshots here
http://www.mn001c7645.pwp.blueyonder.co.uk/mm1.jpg
http://www.mn001c7645.pwp.blueyonder.co.uk/mm2.jpg

this is been asked many time before it’s called an image stretch effect… try to do a search on the forum

this effect is easily done in photoshop. I’m not sure how its done in flash. Its probably bunch of stacked duplicated movie clips extending downwards.