noun, masculine/saiˈnete/plural: sainetes
playlet, skit (one-act comic play); farce (situation abounding with ludicrous incidents)
“Es como España: todo un sainete. Porque ya lo dijo Fernando VII: España no es una tragedia. Es un sainete. Lo malo es que no siempre sabemos reírnos de nosotros mismos.”
From saín (“lard”) + -ete (diminutive suffix). Originally a morsel of fat, marrow, etc. given to a bird of prey as a reward. From there it acquired the meaning of a tasty snack or condiment and, by metaphorical extension, a short "tasty" piece of theatre.