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Anyone, even those without the skills, can parry an attack or make a single strike for vorpal or
crush damage. This can only be done with man-made, melee weapons. Headed (excluding pikes
and pole arms) or blunt weapons must be used when dealing crush damage, and edged, pointed
weapons (i.e. swords) must be used when dealing vorpal damage. In order to perform such a feat,
however, you have to spend a life point, and upon completing the task, your weapon is
destroyed.

Does this parry work just like Master warrior parry? or can i parry any attack and then my weapons broke?

It should work the same way as the skill parry works, and then your weapon is destroyed and should be thrown down/not used.