Source : Webster's Revised Unabridged Dictionary (1913)

Travesty \Trav"es*ty\, a. [F. travesti, p. p. of travestir to
   disguise, to travesty, It. travestire, fr. L. trans across,
   over + vestire to dress, clothe. See {Vest}.]
   Disguised by dress so as to be ridiculous; travestied; --
   applied to a book or shorter composition. [R.]

Travesty \Trav"es*ty\, n.; pl. {Travesties}.
   A burlesque translation or imitation of a work.

         The second edition is not a recast, but absolutely a
         travesty of the first.                   --De Quincey.

Travesty \Trav"es*ty\, v. t. [imp. & p. p. {Travestied}; p. pr.
   & vb. n. {Travesting}.]
   To translate, imitate, or represent, so as to render
   ridiculous or ludicrous.

         I see poor Lucan travestied, not appareled in his Roman
         toga, but under the cruel shears of an English tailor.
                                                  --Bentley.

Source : WordNet®

travesty
     n 1: a comedy characterized by broad satire and improbable
          situations [syn: {farce}, {farce comedy}]
     2: a composition that imitates somebody's style in a humorous
        way [syn: {parody}, {lampoon}, {spoof}, {sendup}, {mockery},
         {takeoff}, {burlesque}, {charade}, {pasquinade}, {put-on}]
     v : make a travesty of
     [also: {travestied}]