The Collaborative International Dictionary of English v.0.48:

Travesty \Trav"es*ty\, v. t. [imp. & p. p. Travestied; p. pr.
   & vb. n. Travesting.]
   To translate, imitate, or represent, so as to render
   ridiculous or ludicrous.
   [1913 Webster]

         I see poor Lucan travestied, not appareled in his Roman
         toga, but under the cruel shears of an English tailor.
                                                  --Bentley.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Travesty \Trav"es*ty\, a. [F. travesti, p. p. of travestir to
   disguise, to travesty, It. travestire, fr. L. trans across,
   over + vestire to dress, clothe. See Vest.]
   Disguised by dress so as to be ridiculous; travestied; --
   applied to a book or shorter composition. [R.]
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Travesty \Trav"es*ty\, n.; pl. Travesties.
   A burlesque translation or imitation of a work.
   [1913 Webster]

         The second edition is not a recast, but absolutely a
         travesty of the first.                   --De Quincey.
   [1913 Webster]

WordNet (r) 3.0 (2006):

travesty
    n 1: a comedy characterized by broad satire and improbable
         situations [syn: farce, farce comedy, travesty]
    2: 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]
    v 1: make a travesty of

Moby Thesaurus II by Grady Ward, 1.0:

147 Moby Thesaurus words for "travesty":
   Atticism, aggrandize, aggrandizement, agile wit, amplification,
   amplify, anamorphosis, ape, bad likeness, ballyhoo, belie,
   big talk, black humor, blowing up, botch, build up, burlesque,
   camouflage, caricature, carry too far, color, comedy, copy, daub,
   dilatation, dilation, disguise, distort, distortion,
   draw the longbow, dry wit, dummy, duplication, enhancement,
   enlargement, esprit, exaggerate, exaggerating, exaggeration,
   excess, exorbitance, expansion, extravagance, extreme, facsimile,
   falsify, farce, garble, go to extremes, grandiloquence,
   heightening, hit off on, huckstering, humor, hyperbole,
   hyperbolism, hyperbolize, imitate, imitation, inflation,
   inordinacy, irony, knockoff, lampoon, lay it on, magnification,
   magnify, make much of, mimicry, miscolor, misquote, misreport,
   misrepresent, misstate, misteach, mock, mock-up, mockery, model,
   nimble wit, overcharge, overdo, overdraw, overemphasis,
   overestimate, overestimation, overkill, overpraise, overreach,
   overreact, oversell, overspeak, overstate, overstatement,
   overstress, paraphrase, parody, pastiche, pervert, pile it on,
   pleasantry, pretty wit, prodigality, profuseness, puff, puffery,
   puffing up, quick wit, ready wit, replica, representation,
   reproduction, ridicule, salt, sarcasm, satire, satirize,
   savor of wit, scratch, scribble, sensationalism, sham, slant,
   slapstick, slapstick humor, squib, stretch, stretch the truth,
   stretching, subtle wit, superlative, take off, take off on,
   takeoff, talk big, talk in superlatives, tall talk, tout, touting,
   twist, understate, version, visual humor, warp, wicked imitation,
   wit, wrench