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Bollywood is a play on words to resemble Hollywood. Bollywood refers to the movie industry in India
Bollywood is not like Hollywood. Bollywood is not even a place. Its just a name for all Indian movies and music. Although Mumbai in India is the movie making capital of the world. But Bollywood is indeed not a place!
It's a combination of the words Bombay and Hollywood. Hollywood being the center of the American film industry, and Bombay (Mumbai) being where the large majority of India's films are made. Bollywood does not pertain to all Indian movies, however. It is a genre that generally contains a love story amidst dancing and song.
See the encyclopedia of Bollywood.
Bollywood Striptease was created in 2012.