Based on context, what is the best explanation of the meaning of “parody”?

It means that the hotel was such a small building that it had become a local joke.
It means that the hotel was so funny looking that it makes Maude laugh despite being fatigued.
It means that the hotel was such a feeble imitation of a real hotel it appears to be absurdly funny.
It means that the hotel was so fake looking that local writers wrote funny stories about it.