The most common and most likely answer to this crossword clue is the 5 letter word SPOOF
I've seen this crossword clue in Financial Times
S
P
O
O
F
More clues leading to the result SPOOF
- Society originally providing money for burlesque
- Thus female crosses river in satirical piece
- Parody sending up France: oops
- Richard III featuring in science fiction parody?
- Nasty stuff in science fiction parody
- Pilot Officer cuts short easy takeoff
- Follow up apologetic expression with loud joke
- Bogus Foreign Office procedures arising
- ‘Dandy’ is back containing old joke
- Has P.O. official stifling a joke
Buddy explains!

The straight part
We know that "parody" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case parody = spoof.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does SPOOF mean?
SPOOF noun- An act of deception; a hoax; a joking prank.
- A light parody.
- A drinking game in which players hold up to three (or another specified number of) coins hidden in a fist and attempt to guess the total number of coins held.
- Nonsense.
- To gently satirize.
- To deceive.
- To falsify.
- Fake, hoax.
- Semen.
- To ejaculate, to come.