When racism was King nobody thought about deposition, and now that there has been a palace coup, the people can't remember what they are fighting for.
What is interesting, in this (otherwise ramshackle, poorly shot and unfunny wannabe SNL compilation thing) are the targets.
Seventies racism and sexism aside, it is noteworthy how these writers have old Hollywood in their sights. Chaplin and that entire era is thrown under a bus. The celebration of weed munchies seems very childish but not dissimilar from contemporary entitled beliefs about recreational highs.
Also a mere year after Star Wars success there are no qualms from the Jewish director deploying a Star of David visual gag. In fact, attitudes towards race and faith are much looser than today.
Sort of how Italian movie stars would have an English name and an Italian one.