In a way, but with comedy there's a balance of "terrible" and "good" that must be reached, and for me, at least, the humor is, "Wow. That guy went through a lot of effort to make that costume look good just to be a jackass."
Honestly, this costume kicks ass. If there were a girl that matched my dimensions (I found out I'm a size 16 waist in girl-talk!
Or wait... How does that work? DAMN YOU WAL-MART!), I would be able to hand it over to her and she would still be a very viable Tifa, albeit a tall, broad-shouldered one.