Pirate Disney panties that scream fair use

Today in my ongoing series of photos from my travels: these pirate Disney panties on sale in a Shanghai street-market that seem to have been designed by someone who wishes to invoke fair use by emblazoning them with PARODY DESIGN. Link


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"parody" design is a common phrase among Japanese and Chinese product manufacturers - products may include keychains, wallets, purses and panties, too!
"parody" basically means "knock-off"
In a similar style, Louis V (not the king, the bag man) didn't want these for sale:
http://www.mindwhatyouwear.com/fake2.html
An obvious fake (it says FAKE on it), the designer didn't use the real real LV bags but got the knock-offs, maybe that's what set them off.
People in China have no idea what 'fair use' is.
This Cory dude gets around. Wasn't he in Italy, like, yesterday? Or are these flicks saved up, then posted in spurts? Fun stuff.
I believe in this case fair use allows one to purchase and wear said panties, but soiling the panties is an infringement of IP (no pun intended).
Is this the free gift from issue 1 of Thrilling Underwear Pervert Stories :)