Bollywood Hollywood was indeed tongue in cheek. It had great musical numbers and was filmed in Toronto. If you're familiar with Bollywood at all (I've seen about 50 films or so) you will love all of the pointed references to forbidden love and family values, which pretty much ALL bollywood movies are about....

Some classic Bollywood:

Mother India
Devdas (take your pick of three versions)
Kuch Kuch Hota Hai
Mohabete
Shakti