YOU CANNOT TAKE LEGAL ACTION. I HAVE DONE RESEARCH AND HAVE PROOF. READ BELOW.
In the US you can use copyrighted material to create a "parody", and its perfectly legal and protected as free speech under the 1st amendment in the Bill of Rights. However, this fact usually does not stop the owner of the original content from trying to get it taken down, via a DMCA take-down notice. Youtube usually just yanks these video's off their site once they receive a take-down notice, rather than do any research or even contacting the uploader prior to the removal, but you do have a right to do this under the US Constitution, despite what the original content owner says.