It was .... borderline for me
I'm sorry, but 90% of this movie I didn't find funny at all (no offense, I just didn't). On top of that, I also agree the chipmunk sounding voices broke the movie not made it. In other words, use your real voice next time ... it's MUCH better.
I agree the animation and art do need improvement, but I did noticed that you are better than most so you should be proud of that. Practice makes perfect right?
Also, in your parody ... they were doing more talking than fighting unlike the movie, which is fine btw ... If you were going to keep all the talking, maybe find a unique way of incorporating that into the fight.
Shame sub-zero didn't use any of his magic.
The best part imo, was Lui (not Lu by the way) and Kitana were just standing around watching just like in the movie. I also noticed the sign she was holding, nice touch for the people that get it. For the people that don't, maybe state what that does.
Jokes, puns, and funny factor could have been greatly improved to increase it to a 8/10.
Animation tweaks could raise it to a 9/10
Better art would make it 10/10.
Good work for an amateur, I applaud you. Hope this review helped.
:D