Parody must have:
~Conceptual link to character that explains why its use is vital to your image.
~Personal imaginative spark that makes the final product something you can viably call your own
~Execution of a level that proves you neither flat-out copied nor didn't care about the quality of your final product. Like all art, good parody should have respect for craft involved.
It would behoove wooters to look at this piece and try to understand what the artist has done, because this is really a perfect example of how to do it right. Pinocchio is made of wood, which comes from trees, which grow and blossom in spring. The concept takes that flora idea and turns the boy made of wood, who is nevertheless alive, into a blossoming garden. And it's clearly done by hand (or tablet-hand) with a respect for both the original piece and the artist's sense of self-respect.
In an ideal world, woot would be a lot stricter on this sort of stuff. The site is absolutely flooded any given week with horrible parody to the point where all parody feels tired. But if you people insist on trying to go for the money instead of improving your art, do try to take the lead of this design and do it well, intelligently, and correctly.