Is it legal to download clips from Youtube videos, and then using them for parodies?

Isn't this considered Fair Use? Because I would be using it for a parody. And using CLIPS from other people's videos is technically not showing the whole video, so would that be considered as a type of Fair Use? What if I say a disclaimer saying "I do not own any of this material", would that work also?

2015-12-02T15:13:57Z

Plus, SO MANY people are getting away with this, especially with Abridged videos and Youtube Poops... Why is that?

?2015-12-11T01:50:58Z

SMG4 (super Mario glitchy4) does this all the time with sound clips and monetizes it but for full video clips I think you could end up getting hit with a copyright strike.

cyp2015-12-02T15:16:36Z

Yes but then you will not be able to monitize/make money of your video