"First Life is a 3D analog world where server lag does not exist". I'm not sure about that - my whole world lags until that first cup of coffee, but still, this is funny stuff. My favorite line is "fornicate using your own genitals". Now I have to get one of the T Shirts.
UPDATE: Over on the blog of the creator of this parody, Linden Labs have left an excellent comment, proving that big business and a sense of humor are not completely incompatible. Well done, LL. Very smart.
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Reddit!
You guys better cut that Second Life crap out before the Smiths take over.