Here's the code I used to generate this obfu.

First, I've written the algorithm in perl:

#!perl

use warnings;
use strict;

my @a = unpack "U*", `cat part3.txt` . pack "x";

my($b, $k, $c, $s);


use integer;

$k = 0;
goto F;

J:
#print "[J]";
64 < $c and goto W;
$b = $k;
F:
#print "[F";
$c = $a[$k];
#print chr($c) . "]";
$k += 1;
0 < $c and goto J;
#print "[0]\n";
exit;
W:
#print "[W]";
$s = 14;
S:
$c *= 4;
$s -= 1;
0 < $s and goto S;
0 < $c and goto F;
$c < 0 and goto F;
P:
#print "[P]";
$c = $a[$b];
print chr($c);
$b += 1;
$b < $k and goto P;
T:
#print "[T]";
$c = $a[$k];
64 < $c and goto C;
print chr(10);
goto F;
C:
#print "[C]";
print chr($c);
$k += 1;
goto T;

__END__
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Then I transcoded that to an assembly language for the virtual machine the obfu interprets. This code, when ran with ruby, will assemble the obfu and write it to the file named "pie".

#!/home/ambrus/local/devel/bin/ruby -w

src = %{

? 
ip: F
lt: ? !_
print: ?
buf: ?

t: ?
u: ?
_c: ?
_k: -Input
_b: ?
s: ?

$0: 0
$1: 1
$_1: -1
$_10: -10
$_14: -14
$64: 64
$_64: -64

J:
!buf buf  buf $_lbrace  print $1  print print  buf buf  buf $_karJ  pr
+int $1  print print  buf buf  buf $_rbrace  print $1  print print  
u u  u _c  t t  t u  1> 1>  t $_64  1> lt  1: ? W1$W W1:
t t  t _k  _b _b  _b t
F:
!buf buf  buf $_lbrace  print $1  print print  buf buf  buf $_karF  pr
+int $1  print print  
1> 1>  1> _k  _c _c  _c 1: ?
!buf buf  buf _c  print $1  print print  buf buf  buf $_rbrace  print 
+$1  print print  
_k $1
1> 1>  _c $0  1> lt  1: ? J1$J J1:
!buf buf  buf $_lbrace  print $1  print print  buf buf  buf $_kar0  pr
+int $1  print print  buf buf  buf $_rbrace  print $1  print print  bu
+f buf  buf $_10  print $1  print print  
ip Ex1$0 Ex1:
W:
!buf buf  buf $_lbrace  print $1  print print  buf buf  buf $_karW  pr
+int $1  print print  buf buf  buf $_rbrace  print $1  print print  
s s  s $_14
S:
t t  t _c  t _c  _c _c  _c t  _c t
s $1
t t  1> 1>  t s  1> lt  1: ? S1$S S1:
1> 1>  _c $0  1> lt  1: ? F1$F F1:
t t  1> 1>  t _c  1> lt  1: ? F2$F F2:
P:
!buf buf  buf $_lbrace  print $1  print print  buf buf  buf $_karP  pr
+int $1  print print  buf buf  buf $_rbrace  print $1  print print  
1> 1>  1> _b  _c _c  _c 1: ?
buf buf  buf _c  print $1  print print
_b $1
u u  u _k  t t  t _b  1> 1>  t u  1> lt  1: ? P1$P P1:
T:
!buf buf  buf $_lbrace  print $1  print print  buf buf  buf $_karT  pr
+int $1  print print  buf buf  buf $_rbrace  print $1  print print  
1> 1>  1> _k  _c _c  _c 1: ?
u u  u _c  t t  t $_64  1> 1>  t u  1> lt  1: ? C1$C C1:
buf buf  buf $_10  print $1  print print
ip F3$F F3:
C:
!buf buf  buf $_lbrace  print $1  print print  buf buf  buf $_karC  pr
+int $1  print print  buf buf  buf $_rbrace  print $1  print print  
buf buf  buf _c  print $1  print print
_k $1
ip T1$T T1:

W1$W: W1-W
J1$J: J1-J
Ex1$0: Ex1-0
F1$F: F1-F
F2$F: F2-F
F3$F: F3-F
P1$P: P1-P
C1$C: C1-C
T1$T: T1-T
S1$S: S1-S

!$_lbrace: -'['  $_rbrace: -']'
!$_karJ: -'J'  $_karF: -'F'  $_karW: -'W'  
!$_karP: -'P'  $_karT: -'T'  $_karC: -'C'  $_kar0: -'0'

Input:

};


def val e, sgn, adr = @code.size;
    case e;
        when /^(-?\d+)$/;
            $1.to_i;
        when /^'(.)'$/;
            $1[0];
        when /^\?$/;
            0;
        when /^([\w@%$.]+)<$/;
            @labels[$1] or 
                fail "back reference not found: #{$1}";
        when /^([\w@%$.]+)>$/;
            (@forward[$1] ||= []).push [adr, sgn];
            0;
        when /^([\w@%$.]+)$/;
            @labels[$1] or (
                (@forward[$1] ||= []).push [adr, sgn];
                0;
            );
        else
            fail %Q'expr error: "#{e}"';
    end;
end;

@code = [];
@labels = Hash[];
@forward = Hash[];
@literal = Hash[];
src.gsub!(/[#!].*/) {""};

src.scan(/(\S+)/) {
    tok = $1;
    if tok =~ /^([\w@%$.]+):$/;
        @labels[$1] = @code.size;
        (f = @forward[$1]) and 
            f.each {|fr| 
                (a, sgn) = fr;
                @code[a] = sgn * @code.size; 
            };
        @forward.delete($1);
    else
        r = 0;
        tok.scan(/\G(?:(?:(-)|\+|)([^+\-]+)|(.))/) {
            $3 and 
                fail "toke error 2";
            sgn = (if $1; -1 else 1 end);
            r += sgn * val($2, sgn);
        };
        @code.push r;
    end;
};
@forward.empty? or
    fail "forward reference not found: #{@forward.keys[0]}";


fh = File.open("pie", "w");
fh.print(%{#!perl
use warnings; use strict; use integer;
for(my@a=(
});
@code.each {|n| 
    Integer === n or
        fail "internal error: invalid code";
    fh.print n, ","
};
fh.print(%{
unpack"U*",`cat part3.txt`.v0);
$a[1];$a[3]&&print chr$a[4]){$a[2]=-(($a[$a[$a[1]++]]-=$a[$a[$a[1]++]]
+)<0)}
});
fh.close;

warn "" + @code.size.to_s + " words";

__END__
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