Usually, those who find the resulting phrase comical are the first four or five people in the chain, because they know more or less what it was supposed to be. Thus, I assume EMO is more likely viewed as non-farcical by those who weren't early on in the game, because they had no idea what the original intention was in the first place. Which might explain why most people my age find it all kinda goofy.
I wonder if Monkey's think the same thing about Humans and that's why they laugh all the time...lol. Makes me think of all sorts of theories about entropy, evolution, and the divine cosmic joke that is life...