Wing-Its election show returns with a vengeance as incumbent President Jon Axell and his competitors, John Boyle, Jen Rizor, and Justin Sund, battle it out to determine who will best lead the country while trying (in vain) to sound more ridiculous than Rudy Giuliani. Rather than satirizing the current presidential candidates, Election Show 2008 aims to expose the folly of politics in general; the Democrats and the Republicans have been replaced by the Whig Party and the Bull Moose Party. Based on whimsical suggestions from the audience, the candidates discuss the issues near and dear to their hearts, such as giant squids. Meanwhile, mature political commentators Sean Patella-Buckley and Lori Lee Haener analyze the candidates every move while sticking their tongues out at each other. Its a winning formula, due in no small part to Douglas Willott, the co-director as well as the nonpartisan, nonbiased moderator. Hes the perfect straight man, foregoing laughs in favor of setting them up for everyone else. (Mr. President, on a scale of 1 to 10, how would you rate the countrys progress? A+.) BRENT ARONOWITZ 8 p.m. Thurs.-Fri., Sept. 4-19 and Oct. 2-24.