I just saw Kung Fury on YouTube.

Doing a parody of a genre, in this case 80s Kung Foo movies, particularly if you are going a high cheese, is dancing on the knife edge.

If you are not cheesy enough, it doesn’t work.  If you are too cheesy, the audience loses the ability to suspend its disbelief.

The director and writer, David Sandberg gets the balance almost perfect.  (Laser Raptors and David Hasselhoff)