A fellow named Adam Brown took it upon himself to do this short (28 seconds) animation of CALVIN AND HOBBES.
Copyright concerns aside: the work is very much on model. It's based on a Sunday strip here, and pretty much looks terrific. The time and effort that Mr. Brown took to do this is evidence of the enduring love for this newspaper comic strip by Bill Watterson.
EDIT: The video is now unavailable. But the good news is that YT1234 has reposted it -- and here it is (for now):
Below is the original linked video by Adam Brown, now listed as "Private:"
Hat tip to Drew Litton.