If you do something like this using email - I'd suggesting using some of the free email accounts you can get from DesignStop. Com rather than using your existing email account. It is easier to terminate the free accounts if the correspondence coming in starts to get out of hand. Check it out by clicking here - you'll get some good ideas that you can adapt to making fun of your friends. Your soap's characters can be based on your friends.
Some people actually have lives that make television soap characters seem tame.
The idea here is simple. A straightforward gallery of pictures can be created. You annotate the pictures with humorous comments. You can make witty comments about they way they look, what they're doing, or what they're wearing. Post the submissions.