This chapter discusses the relationship between three journals that circulated within the imperial public sphere which united Britain with its colonies: Punch, the Indian Charivari, a British-run magazine based in Calcutta, and Hindi Punch, an Indian journal based in Bombay and published in Gujarati and English. It analyses the overlap between colonial mimicry and colonial parody by exploring the ways that parody, inversion, and caricature, in both visual and verbal forms, played a central role in Indian responses to their representation in the British press. The chapter focuses in particular on Hindi Punch, an illustrated journal that was explicitly in dialogue with British Punch and the Anglo-Indian periodical the Indian Charivari. In its responses to racist cartoons in these journals, and in its counternarrative of contemporary political events, the chapter illustrates how Hindi Punch used parody to reveal the ways that negative affect — in the form of distrust, paranoia, and racial contempt — far from being an external threat to the colonial public sphere, was, in fact, its guiding logic.