"David Post of Temple Law School 
  panned the controversial anti-cybersquatting legislation and raised questions 
  about how the courts and the Internet Corporation for Assigned Names and 
  Numbers (ICANN) are dealing with disputes regarding who has the right to 
  certain domain names. 
   
  Under some laws and ICANN's dispute 
  resolution policy, people can't register names in 'bad faith,' a term that has 
  yet to be defined, Post said. One person in the audience asked if a parody 
  site could be considered a site registered in 'bad faith.' 
   
  The answer from the panel: We don't 
  know. "
  ________________
   
  They don't know? Well, how about an educated 
  guess? If the udrp came  down on the side of a trademark owner  
  in a parody case it would be violating well documented First Amendment 
  protections in the U.S. It would be challenged. The decision would be 
  overturned in court, the trademark owner would lose and people would become 
  reluctant to use the UDRP because it had no authority. 
   
  "In bad faith" just like "fame" is subjective. 
  Words and phrases that cannot be defined with some degree of universality 
  should be avoided where possible in created the rules and regulations 
  surrounding the dns. But as long as we're using human language, not zeroes and 
  ones, it isn't always possible.