Everyone who is siding with the "kid" and the aCLU on this one why don't you send me your name and photo and I'll set you up for ridicule on that sewer MySpace.com. I promise I'll make it really hilarious. A "prank." Drugs, booze and sexual disorientation will be guaranteed in your "profile."
Myspace is for kids. The folks that go there are kids and their friends. I couldn't find a cache of what was posted, so I can't say it was a real parody, since the principal's name might have been there. That is the only legal problem. However, the location and content tell all. There's no defamation here. It's clearly false and fits in with the juvenile character of the site itself.
I did some checking. The principle is not fat, so the kid's not a bully. The kid also was respectful and apologized to the principle. In return the principal put him in miscreant school, cut off his school activities, banned him from graduation and fkd up his college entry. The principal however is a vengeful, spiteful, egotistical prick. His romper room fellows are just like him. He's a newbie too, a newbie playing big shot.
I'm not hard to find. Knock yourself out.
My real life has been more complex than even you could conjure up, Wilbur.