Farce (noun)

1. A form of comedy characterized by broad satire, improbable situations, and extravagance of exaggeration.
2. Something that is intended to be serious but is instead ridiculous or absurd.

Origin:

From the french farce, meaning "stuffing" or "forcemeat".

Examples:

1. The play was a farce about a group of people who accidentally get stranded on a deserted island.
2. The whole situation was a farce, with people running around in circles trying to fix the problem.
3. The trial was a farce and a travesty of justice.
4. The election campaign was a farce with candidates making outrageous promises.
5. The meeting was a farce, with no real discussion or decision making.