The Collaborative International Dictionary of English v.0.48:

parody \par"o*dy\ (p[a^]r"[-o]*d[y^]), n.; pl. Parodies
   (p[a^]r"[-o]*d[i^]z). [L. parodia, Gr. parw,di`a; para`
   beside + 'w,dh` a song: cf. F. parodie. See Para-, and
   Ode.]
   [1913 Webster]
   1. A writing in which the language or sentiment of an author
      is mimicked; especially, a kind of literary pleasantry, in
      which what is written on one subject is altered, and
      applied to another by way of burlesque; travesty.
      [1913 Webster]

            The lively parody which he wrote . . . on Dryden's
            "Hind and Panther" was received with great applause.
                                                  --Macaulay.
      [1913 Webster]

   2. A popular maxim, adage, or proverb. [Obs.]
      [1913 Webster]