The purpose of this paper is to explore the relationship of satire and the socio-political reality with reference to some episodes concerning Egyptian President Mursi that appeared in popular satirical show El-Bernameg(The Program) hosted by Egyptian TV comedian Bassem Youssef. Charged with insulting President Mursi and Islam, he has captured in a refreshing way the frustrations and aspirations of many Egyptians by resorting to political satire, a genre that was absent from Egyptian television before the revolution in 2011 El-Bernameg has extended the boundaries of public discourse by mocking public figures such as Egyptian President Mursi and the power holders in the Islamist government. For instance, Youssef portrayed Mursi as a superman with superpowers and he mocked Islamists` use of religion for political purpose. It also represented a shift of political parody from the private level to the public sphere. It is noteworthy that though to deal with the religion as a material for political satire along with politics is regarded as a taboo to satirise in the Arab world, Islam was subject to being as part of satire because Mursi is originally from Muslim Brethren. This study also showed that the political satire can provide public knowledge about politics to the people, at the same time when they are to be entertained by it. Bassem Youssef`s political parody format is unprecedented in the Arab world as it is supposed to be a watchdog on the news media. It is said that political jokes represent a revolt against authority and a liberation from its pressure and the laughter has the corrective effect. Then, it remains to be seen later whether Mursi will begin to correct his undemocratic course of action. But it is clear that Bassem Youssef will continue to be the epicenter of debate about the freedom of expression in Egyptian politics by showing his satirical rhetoric and ‘laughter`.