Erich, perhaps you are slightly confused between the terms "panache", meaning dash or flamboyance in manner or style, versus "panasheep".
Many folks experience this confusion that has been created amongst us normal heterosexuals when our lives are interrupted by sheep loving folk.
"Panasheep" is the term you are likely thinking of and is defined as the dashing sexuality for Ovis Aries, flamboyance for all things sheep (Ovis Aries) related and desiring coitus non-interuptus with said sheep (Reference: see also Lanc).
Hope this helps.