My dad had a copy, and I remember reading a few pages of it when I was in my early teens, but it didn't stick. It's an interesting insight into the 1960's, where there actually was a backlash against the popularity of a book. Not just the popularity of the book, but its infiltration into other forms of art, especially music. Watch this music video of Leonary Nimoy and tell me that the whole LoTR thing wasn't worth lampooning.
http://www.youtube.com/watch?v=XC73PHdQX04
In this day and age, there's a lot better things to subject to satire. LoTR is no longer an
enfant terrible and is now the elder statesman of modern fantasy literature.
Simon
EDIT: embedding URL messed up my link.