Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
http://www.copyright.gov/fls/fl102.html
The following is a Fan Based Parody of an anime parody. Which was created under the Copyright Act of 1976
Check out the series Subbed on Funimation’s website: http://www.funimation.com/binbogami-ga/videos
MAG.MOE - The MAG, The MOE.