"Hilarious parody" refers to a funny imitation or spoof of something else. It is meant to make people laugh by cleverly exaggerating or humorously imitating the original subject. Full definition
The opening credits sequence is a clever and hilarious parody of a very popular film franchise that has been around for over 50 years. (weliveentertainment.com)
-- Hader's IFC series that reworks iconoclastic pieces of non-fiction filmmaking into hilarious parody (see: Gentle & Soft: The Story of the Blue Jean Committee for my favorite example)-- every episode is packed with eye - catching detail and character work that dips just enough into cartoonish territory to help balance the darkness in the aspiring actor's soul. (birthmoviesdeath.com)
In the former, the artist offers hilarious parodies for contemporary art exhibitions. (theseenjournal.org)