Probably.
For me, it was tied between Spaceballs and Blazing Saddles. But in the end, Blazing Saddles won. It's the superior movie in the end.
I was going to pull some quotes off of IMDB (haven't seen the movie in a while, plan on buying the 30th aniversary edition on Tuesday) but when I looked, tehre were to many good ones. And to many ethnic slurs. So folow this LINK to read the quotes.
As a side note, I recomend that everybody eitehr rent of buy the 30th anniversary editon, as it is supposed to have scenes that were not included in the original release (but were included, oddly enough, in the release they gave to Channel 11 back in the early 90's that my mom taped. Weird.)