"the red dog's collar" may mean "the collar belonging to the red dog", or "the collar (which is red) belonging to the dog".
So "the dog's red collar" is more clear.
How about "The Making of the WoW Episode of South Park". That's much less ambiguous.
"Card readers? We don't need no stinking card readers." -- Peter da Silva (at the National Academy of Sciencies, 1965, in a particularly vivid fantasy)