Guantánamo Bay, high housing prices, Michael Jackson, Los Altos' vetoed Gay Pride Day -- it's all material for Vicki Reeder.

Since 1992, the Los Altos resident has been turning local and national political oddities into jaunty lyrics set to old rock standards for the Los Altos Follies. The 12th installment of the show hits the stage this weekend at Bus Barn Stage Company.

The Follies started as a brainstorm of longtime Los Altos leaders Roy and Penny Lave. In 1992, when Los Altos was turning 40, the Laves wanted to put together a show poking fun at the city's culture. They called up Reeder and some other writers, and the first edition of the Follies was born.

For the past 10 years, with Reeder at the helm, the Follies have been a major fundraiser for the Los Altos-based Bus Barn. The show has raised a total of $150,000 for the company, Reeder said -- $50,000 of that in the past two years alone.

This year's show, ``A Red and Blue State of Anxiety,'' savages -- among others -- President Bush, Rep. Tom DeLay and former Enron executive Kenneth Lay. Some have protested in years past about the decidedly blue-state bent of the Follies, Reeder said -- but she said most people who attend the show accept that it will have a particular point of view.

``I think Los Altos really isn't as conservative as it thinks it is,'' she said.

The show delivers knocks to the other side of the aisle, too -- John Reed, an original cast member, remembers playing a womanizing Bill Clinton in the late '90s. There were two years in which the show wasn't held.

Local subjects aren't let off the hook, either. Past shows have made fun of the profusion of nail salons in downtown Los Altos, the ban on outdoor plastic furniture and the lack of nightlife. One ensemble number in this year's Follies features the cast paired off into same-sex couples, singing ``You Gotta Have Pride'' as an ode to the Los Altos City Council's decision in May to reject Gay Pride Day.

In another number, piano player Dawn Reyen sings a swinging tribute to the ``not in my backyard'' philosophy, setting a list of items Los Altos residents have fought to the tune of ``Windy.''

``And NIMBY can be quite cruel, still fighting the city pool,'' she sings. ``Everyone knows it's NIMBY.''

``These are the problems of the affluent,'' Reeder said. ``A pool that will cause traffic, a condo development that will cause traffic.''

In between the political parodies are numbers that make fun of the minutia of daily life -- boring baseball games, sky-high home prices, whole meals made from free samples at Costco.

And then, close to the end of the show, there's a personal favorite of Reeder's: a stem-cell research spoof with cast members John Sylvester and Ann Assarsson dressed as frozen embryos -- with pink and blue baby bonnets and poster board cell bodies labeled XX and XY -- singing ``Baby, It's Warm Outside.''

``I do have limits,'' Reeder said. ``Other people have said to me, `You walk right up to the line and you stay there.' There are probably people who think I don't, that I go over, but to me, that's what being artistic is about.'