Humor in the internet era has seen the emergence of memes as key players in virtual entertainment. Most social media sites are punctuated with characters that evoke certain emotions even with a quick glance. Memes ranging from the ‘Socially Awkward Penguin’, the ‘Grumpy Cat’ or ‘Derp and Derpina’ along with various others have become an active part of internet humor. Memes by their nature are works that have been copied from other sources. However, such copying has evidently not been checked by law as yet. To understand the dichotomy of this issue, it is imperative that we understand what internet memes are, what fair