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Only make fun of your friends. Know when to quit. Spread the wealth. Learn to take it as well as dish it out. Avoid bullying behavior.
If you want to make fun of someone, make sure that it's coming from a place of friendship. It's ok to pick on your friends and your siblings, but aggressively making fun of people you don't know well could be taken as bullying. You don't know how they'll react, or how personally they'll take it, so be nice. Make friends first. Even if you're just teasing, you can take it too far. Make sure the person you're making fun of knows you're joking around and watch for signs that they may be taking it personally. Don't hurt someone's feelings by picking on them repeatedly about the same thing. That can be hurtful and mean. If you're making fun of someone and they withdraw from you and your friends, apologize to them later. Let them know you're just teasing and be nice to them for a while without making extra jokes. Don't make fun of the same person all the time or they'll feel singled out. Spread it around. Don't make fun of someone more than once a week to play it safe. Tease your closest friends, and then be nice to them. Pick on someone else. You'll want to stay friends with someone even if you're making fun of them, so you have to be equally nice and equally hilarious. If you're going to push people's buttons, you've got to let your buttons be pushed sometimes, too. As long as you're with friends and you're all cutting up and teasing each other, it's all in good fun. Don't take insults or jokes personally and you'll earn yourself more credibility when you want to make fun in turn. Pick on someone your own size, both physically and emotionally. Make sure they can take it, or you'll be interpreted as a bully, and may even be punished as one. This is especially true at school. Give your little brother and the younger kids a break. They've got their own problems without you adding more. Never make someone for their race, sexual orientation, or other areas that they may be sensitive about. Everyone is fighting a big battle. Be nice.