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
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.
The lively parody which he wrote . . . on Dryden's
"Hind and Panther" was received with great applause.
2. A popular maxim, adage, or proverb. [Obs.]