The "Worst Edit Ideas" thread here got me semi-interested in the eventual idea for TRM, but at the time I hadn't a clue how to edit, no editing software, etc.
This thread on FE.org:
http://www.fanedit.org/forums/showthread.php?4117-quot-Episode-II-Parody-Comedy-Cut-quot
was what actually made me leap into the project.
As far as what to call this, I don't know. I don't usually worry about categorizing things. AEmovieguy called his idea a "Parody/Comedy Cut," which seems reasonable for TRM too.
But I think a "ridiculous cut" works fine as well.