Well, could not find a better example for a parody.
The video is self explanatory, isn’t it?

Meaning of Parody:

1. A humorous or satirical imitation of a serious piece of literature or writing/
2. The genre of literary composition represented by such imitations.
3. A burlesque imitation of a musical composition.
4. Any humorous, satirical, or burlesque imitation, as of a person, event, etc.

Pronunciation: par-uh-dee

P.s: Meaning 4 is applicable in our context.

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