Okay, so their Night of the Iguana sucked like mad. Yet Nearly Naked continues to offer not only some of the highest-quality productions in town, but some of the most daring, least-often-produced material Phoenix has ever seen, as well. What's more, Damon Dering and the other stalwarts at Nearly Naked, which is now a resident company at Phoenix Theatre, continue to surprise theatergoers with plays that seem out of this often-impish troupe's element. The Who's Tommy seemed mighty tame for these guys; after all, it had played Gammage in its squeaky-clean road company version a few years before. But Nearly Naked showed us a groovy, grunged-up production that would have made Pete Townshend and his pub-crawling pals proud. Even their awful Night of the Iguana was sort of subversive, reminding us what "alternative theater" used to look like 40 years ago. We like what it looks like today, especially when we see it at Nearly Naked.