Kappa Mikey/YMMV

Broken Base: Some think it's a funny parody of anime. Others think think it has too many fart jokes and poorly executed use of Flash animation.
Crazy Awesome: Gonard.
Crowning Music of Awesome - The theme song rocks. It blows the rest of the show completely out of the water!
Did Not Do the Research - More cultural errors than you can shake a stick at. The most apparent happens to be the main hook of the show: despite being set in Tokyo, Japan, no one speaks Japanese beyond an accent, and the attempt to mimic authentic Japanese anime is rather a miss. Of course since it's a parody of anime no one was really expecting it to be. To be fair, many anime are also guilty of making everyone, in every country speak Japanese. It just makes it more accessible to the audience.
Ear Worm - Hey, hey! You, you! Out in the street! Can't you see the man is Kappa Mikey?
Ensemble Darkhorse: Yes Man.
Fan Boy - Several appear throughout the series. An episode focuses on Mikey getting kidnapped by a duo of teenage fanboys and becoming a member of their club held in their mom's basement!
Funny Aneurysm Moment - Being a show within a show, the crew of Lily Mu frequently lampshades the bad points of the television and animation industry. Looking back, it's amazing how close Ozu's tendency to fire his employees and close the studio reflect what happened to Animation Collective in 2008!
Ho Yay - Yes Man is just a biiiiit too willing to obey Ozu's every whim, even if it's purely because he was practically bred to be his personal assistant by occupation. He also sleeps literally underneath him! Ozu seems to also return his affections at times. The subplot of "Mitsuki Vanishes" is essentially about a couple breaking up and making up again.
Idiot Plot - the episode where the filming conflict is that there's not enough room for everyone in the team car. Rather than try to write in a transportation upgrade, they completely ignore the problem until Mikey ruins the shot by trying to get into the car with everyone else. This is the sort of thing a show introducing a new character to the core cast would have thought of before they even knew who the character was.
Shallow Parody - Characters resemble famous anime stars, but the parody pretty much stops at appearances.
They Wasted a Perfectly Good Plot - Kappa Mikey had the brilliant idea of mixing a Western Animation American in a Anime and Animesque Japanese setting to create a unique Fish Out of Water story. The only problem? The show barely, if at all, utilized any real Japanese Media Tropes or Western Animation Tropes that would've made it a unique blending of the two mediums. Any Anime related things were mainly for the Gag Series, that eventually turned into a Gross-Out Show, certainly not the Genre Busting concept it could've become. Apparently, there's a Golden Nicktoons Rule that the humor has to keep the attention of sugar-induced children.
The Woobie - Mitsuki is the straight woman in a cast of idiots in a wacky world... sometimes she needs a day-long pat on the head.