The Collaborative International Dictionary of English v.0.48:

Burlesque \Bur*lesque"\, v. t. [imp. & p. p. Burlesqued; p.
   pr. & vb. n. Burlesquing.]
   To ridicule, or to make ludicrous by grotesque representation
   in action or in language.
   [1913 Webster]

         They burlesqued the prophet Jeremiah's words, and
         turned the expression he used into ridicule.
                                                  --Stillingfleet.
   [1913 Webster]