This is going to be a great series
I loved this first episode-- great job. I liked all the little nuances you put in. The final fantasy fight music was a great scene... and the Duck Hunt tie-in?? With the dog then jumping into the harbor?! Brilliant! I like how this is obviously a spoof, but it has a serious side as well as its humorous side.
I also enjoyed how you kept the graphics quality the same as old NES. Did you create those pixellated Lil' Macs and the punk on the street yourself? If you did, great job in keeping it just like the original game. I found this a very amusing and fun to watch animation.