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Stripped as in it won't turn at all?
I know on vintage guitars of some value they'll go so far as to route out the "skunk stripe" to correct a problem like this. And then make a new skunk stripe filler and refinish the neck. On a '97 MIA it might be time for a new neck.
I've got a book by Ritchie Fliegler (now one of the top honchos at Fender, back then working for the competition) and he addresses sticky issues such as this. I'll see if I can find that book and report back.
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