Answer:
Exaggeration ⇒ makes something seem too good or too bad
Exaggeration makes something seem more than it is. It can make something seem more positive or more negative than it actually is with the goal being to influence a person's opinion about the subject at hand.
Satire ⇒ mimics a subject directly
Satire mimics a subject directly and it is usually done to criticize a subject. It uses a number of literature elements such as exaggeration and ridicule to drive home its point.
Reversal ⇒ changes circumstances suddenly
As the term implies, a reversal in a story refers to a situation where the circumstances are suddenly changed in a manner not expected going by the flow of the story.
Ridicule ⇒ exposes human weakness
Ridicule refers to demeaning a person about something that they are not particularly good or strong at.
Parody ⇒ makes a subject appear to be silly
Parodies take a subject and exaggerates it whilst adding comical elements with the end goal being to make it funny and silly. For example, "Meet the Spartans" is an parody of the movie "300".