Heads Of Beef / Klub Katz - S1-E11
Factual error: In "Klub Katz" the captian yells "Iceburg, Iceburg, on the starboard side." But when you see the iceburg and the ship, the iceburg was about to hit the bow of the ship.
Heads Of Beef / Klub Katz - S1-E11
Continuity mistake: In "Klub Katz" Courage spins his head once or twice. But when he puts his head back on it spins way over once or twice. (Like a thousand)
Heads Of Beef / Klub Katz - S1-E11
Factual error: In "Klub Katz" when Courage and Murial are flying to the other boat then landing. Wouldn't some sort of captain or someone else come over and ask them what there doing.
Chosen answer: The episode you are referring to is the finale to Season 1, "The Great Fusilli. The episode description is nearly identical to your description. However, I have not been able to find any source of this being a parody. Perhaps this episode was just an original?
MooCow