How do you remove a lug bolt that is stripped?

To remove a stripped lug bolt, first, try using a rubber band or a piece of aluminum foil to create additional friction between the bolt and the socket. If that doesn't work, you can use a bolt extractor, which is designed to grip and remove damaged bolts. Another option is to carefully hammer a slightly smaller socket onto the stripped bolt to get a tighter fit. If all else fails, you might need to drill out the bolt, being cautious to avoid damaging the wheel.