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]

The Collaborative International Dictionary of English v.0.48:

parody \par"o*dy\, v. t. [imp. & p. p. parodied; p. pr. & vb.
   n. parodying.] [Cf. F. parodier.]
   To write a parody upon; to burlesque.
   [1913 Webster]

         I have translated, or rather parodied, a poem of
         Horace.                                  --Pope.
   [1913 Webster]

WordNet (r) 3.0 (2006):

parody
    n 1: a composition that imitates or misrepresents somebody's
         style, usually in a humorous way [syn: parody, lampoon,
         spoof, sendup, mockery, takeoff, burlesque,
         travesty, charade, pasquinade, put-on]
    2: humorous or satirical mimicry [syn: parody, mockery,
       takeoff]
    v 1: make a spoof of or make fun of
    2: make a parody of; "The students spoofed the teachers" [syn:
       spoof, burlesque, parody]

Moby Thesaurus II by Grady Ward, 1.0:

121 Moby Thesaurus words for "parody":
   Atticism, agile wit, anamorphosis, ape, bad likeness, belie,
   black humor, botch, burlesque, camouflage, caricature, color,
   comedy, copy, copying, corruption, counterfeiting, daub,
   debasement, deride, disguise, distort, distortion, dry wit, dummy,
   duplication, emulation, esprit, exaggerate, facsimile, fakery,
   falsify, farce, fleer, following, forgery, garble, guy, hit off on,
   hit-off, humor, imitation, impersonation, imposture, impression,
   irony, kid, knockoff, lampoon, laugh at, make fun of, mimesis,
   mimic, mimicry, mirroring, miscolor, misquote, misreport,
   misrepresent, misstate, misteach, mock, mock-up, mockery, model,
   nimble wit, onomatopoeia, overdraw, overstate, paraphrase,
   pastiche, perversion, pervert, pillory, plagiarism, plagiary,
   pleasantry, poke fun at, poor imitation, pretty wit, quick wit,
   ready wit, repetition, replica, representation, reproduction, rib,
   ridicule, roast, salt, sarcasm, satire, satirize, savor of wit,
   scoff at, scratch, scribble, send up, simulation, slant, slapstick,
   slapstick humor, sneer at, spoof, squib, subtle wit, take off,
   take off on, take-off, takeoff, tease, travesty, twist, twit,
   understate, version, visual humor, warp, wicked imitation, wit,
   wrench