So, to briefly summarize what seems to have emerged from this now 10-page thread, is the following:
** The M1 MacBooks, both the Air and Pro models, exhibit kernel panics often preceded by a very brief screen freeze and then a pink flash. There have been some instances of similar behavior with the iMac M1, but possibly only one (not sure I've read that correctly). Possibly one MacMini M1 as well.
** A number of affected machines were replaced by Apple, and replacement models have often (usually? not always?) had the the same problem.
** A variety of user setups and activities were in place when the events occurred. Usually (nearly always?) the MacBooks were connected to an external monitor. Dell monitors are frequently mentioned, some but fewer LG monitors. Of course, the MacMini was running an external monitor, but the iMac was not (so it appears, based on account).
** Kernel panics have sometimes (not always?) noted something about power supply issues. Usually there are some other peripherals involved, such as a dock of one kind or another. In at least one instance, it has occurred with no external monitor or peripherals, however.
** Activites underway at the time of the events ranges from composing email to running multiple programs, including use of a browser with many tabs in use. Watching a video seems to be mentioned by several contributors.
** Frequency of the events ranges from only one every few weeks up to many times per day.
** Users seeking help from Apple have been told there is probably hardware fault with the machine, or it's the particular dock that is in use, or the cable is the likely culprit.
** There have been numerous different interventions that led to some limited success in reducing the number of events. Those include use of a different dock, or not using the dock, substituting a different monitor, and changing cables. Reinstalling the OS has generally not provided much help.
So, it seems there is little consensus on the cause of the kernel panic issue. It is not clear that any particular "fix" addresses the issue with any consistency, and such attempts have generally been unsuccessful.
Feel free to add/correct any of the above to more accurately reflect the information.