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What makes them think they can license Clippy out under the GPL?

Parody should be protected. But what makes it parody?

To graphically trivial to be copyrightable, at least in the US.

Random website claims:

>In June 2021, Microsoft applied for a Clippy image trademark.

Familiar with that at all?

There's trademark 90782739, which covers Clippy. It's trademark status is 641, "Non-Final Action".