This just seems seriously ballsy to me, and I love it for that. With permission no doubt, and no risk to either brand, but still. Moxy.
At this point in my life I have to start assuming teenagers are too far removed from things from my own childhood to even hear the echoes. A kid in college today was 2 years old when Jurassic Park was in theaters. But I assume these things are funny even if you don't get the reference. It feels like a reference even when it's not one you know. I liked song parodies as a child when I was too young to know many popular songs. Seriously, how many Facts of Life references can Family Guy make and still be credible with people even slightly younger than I am?