SpongeBob: Re-Hydrated is a lost SpongeBob short that aired on Nicktoons in 2003. So far, it is known to be apparently a parody of The Matrix. According to an anon who claims to have the short on a VHS tape, the short lasted 10 minutes.[1] Only two screenshots have surfaced onto the internet and some footage from a Nicktoons promo. However, a member of the wiki named FerbFletcher7878 has found a promo on Vimeo that shows a clip of the short. The clip shows SpongeBob dressed as Neo fighting a bunch of Patrick's that are supposed to represent the multiple Agent Smith's Neo fights in The Matrix.[2] As of so far, that's all the footage that's currently available of the animation.
References
Updates
4/29/16: The Spongetrix is actually called Spongebob: Re-Hydrated.