The document discusses three literary devices: 1) A monologue is a speech given by one character, exemplified by Kate's speech in Act V of The Taming of the Shrew. 2) A parallel plot is a secondary storyline in a work that is linked to the main plot, often through a character or theme, like multiple interconnecting storylines in a soap opera. 3) A parody imitates and ridicules an original work in a comic way, such as Saturday Night Live sketches that parody popular culture or political campaigns.