It is entirely possible that this LotR parody is hilarious, and that that hilarity is indeed cross-cultural, but it's difficult to find out when there's this giant language barrier in the way. It is, indeed, much easier to access the hilarity in your second offering.
Actually, there's two great rebuttals to my original statement. One is, obviously, the Swedish language, in which it is possible to say absolutely anything and make a non-native speaker bust out laughing.
The other, somewhat related response, is the Swedish Chef
... actually, after watching that clip, I am now more convinced than ever that the Swedish chef really is
from Sweden. But what the Hell is a "lesbian cap"?
Anime is kind of like fish in that it is better the less "fishy" it is.