When someone satirizes something, they make fun of it in a clever way to show its problems or to make people laugh.
Satirizing something is usually funny, but it can also be a way to criticize something.
Examples:
The movie satirizes the way people use their phones too much.
The book satirizes the way politicians act.
She satirizes the way people always want more things.
The comedian satirizes the way people drive their cars.
The TV show satirizes the way people eat too much junk food.
He satirizes the way people talk on the phone, and it's really funny.