WHY NOVELTY METAL BANDS ARE AWFUL (or awesome???)

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Are novelty metal bands any good, or just a gimmick? I look at a few example like Ghost, Steel Panther, Gwar, Tenacious D, Okilly Dokilly, Dethklok, Sleep Token, Alestorm, Babymetal, Mac Sabbath, and more.
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0:00 Intro
2:17 Ghost, Steel Panther, Gwar
9:31 Tenacious D, Okilly Dokilly, Dethklok
13:18 Sleep Token, Alestorm, Babymetal, Mac Sabbath

Written by The Punk Rock MBA