It's a parody, y'all!!! But let's be honest... they are starting to run out of beloved memories for the 25-32 target demographic, especially boy toys.
The Smurfs are getting a movie, I'm hoping it's only a matter of time before Rainbow Brite sees some action. (Just think of the gay following you could have!!)
This was sort of entertaining... though frankly, it could have been funnier. Still worth a watch, if you played with My Little Ponies.