The Caldwell Theatre’s hilarious satire The Elaborate Entrance of Chad Deity by Kristoffer Diaz sneaks a critical rabbit punch at the solar plexus of society. The milieu of “professional” wrestling should not dissuade serious theatergoers, although the faux spectacle including brief grappling bouts will entertain anyone but a killjoy. The copious comedy is laced with cutting social commentary about demagogues exploiting our prejudices about race and nationality to make money or gain power.