Parody is a piece of writing that imitates another piece of writing, or an author's style, to produce humor. The purpose of a parody is humor. There is no aim to try to bring about any type of change (as satire would do). A parody is just meant for entertainment.
Saturday Night Live skits often parody politicians and political speeches. Most recently, the show did a skit that was a parody related to Obama's immigration order.
In Sonnet 130, Shakespeare parodies the popular love poetry of the time:
My mistress' eyes are nothing like the sun;
Coral is far more red than her lips' red;
If snow be white, why then her breasts are dun;
If hairs be wires, black wires grow on her head.
I have seen roses damasked, red and white,
But no such roses see I in her cheeks;
And in some perfumes is there more delight
Than in the breath that from my mistress reeks.
I love to hear her speak, yet well I know
That music hath a far more pleasing sound;
I grant I never saw a goddess go;
My mistress when she walks treads on the ground.
And yet, by heaven, I think my love as rare
As any she belied with false compare.
The Austin Powers movies are a parody of James Bond movies.
There are many modern novels that parody earlier works. For example, Bored of the Rings parodies Tolkein'sLord of the Rings.
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