How it it clearly not a security? Without a utility, isn't the only reason to purchase an altcoin to do so with the expectation that you'll be able to trade it for a profit (thereby failing the Howey Test)?
I don't think so. The ones that concern me legally are the ones offering profit shares or investment returns (which is a lot of them). This is clearly a novelty and if people chose to trade it afterwards then they can. I think the major exchanges would list this if it sold enough because they're not claiming their tokens represent anything other than the novelty of the token itself.
Regardless maybe 'parody' is a utility and cause in of itself!