As AI generation and deepfake technology become ubiquitous, we are entering a golden age of Parody 2. The first wave of AI parodies (Parody 1 of the tech) were rough, glitchy, and obvious. But the second wave? The "Parody 2" of digital satire will be indistinguishable from reality. It will be so absurd, so layered, and so committed to the bit that audiences will prefer the fake version to the real one.