The flowers do look like little pantaloons hanging on a clothesline.
The nectar of these early spring flowers attracts bees primarily, including bumblebees and mason bees.
Dutchman's Breeches is blooming right now in woodlands. A very similar species is dicentra canadensis or squirrel corn.
Native Americans and early settlers considered this plant useful for skin conditions and as a blood purifier (although it may be toxic and may cause contact dermatitis in some people).
The wildflower is native to Connecticut.
For other details, genus and species, see Connecticut Botanical Society.
