It would need to be politely devious. It would require a two-pronged Alinsky-styled attack on both existing parties.
The more clever of the bunch would have to figure out how to "freeze", then successfully mock the other two parties.
There would have to be some kind of successful outreach to the low-information voter, and those who get their news from Stephen Colbert, Jay Leno, or Chris Matthews. Maybe legacy icons from both parties - those who had their precepts abandoned by their own parties - could be used.
Features of 'successful' presidents on both sides of the aisle should be examined. If there are any conservative Democrats left, talk to them. Shun all RINOs.
Can't call it the 'TEA Party' since that has been successfully destoyed with the help of both parties and the media.
No need for the flamethrower; you hit the nail on the head.
Have a Happy New Year!
I may be going out on a limb here, but I don't think it would be that hard to successfully mock either major party. The challenge is to include enough informative content that the campaign produces better voters and not just sympathetic voters. The power in DC is seductive.