She's an icon, she's an ex-con — and now Martha Stewart (search) is a musical.

The raucous, rags-to-riches story of America's guru of gracious living is being turned into a tongue-in-cheek theater production.

"Martha! The Unauthorized Musical" (search) tells the life story of "Martha Blake," "who with guile and glue gun, rises from her working-class roots to become the doyenne of domesticity," said John Ekizian, who wrote the show with James-Allen Ford.

"There's also a nasty bit about insider trading thrown into the mix."

Martha's camp said Thursday it would have no comment on the saucy satire, which definitely puts a thinly disguised version of Stewart through the paces.

In one scene, Martha does a ballet with legendary TV chef Julia Child and, in another, gets advice from beloved, if politically incorrect, pancake queen Aunt Jemima.

A high point comes when Martha boasts to the world how successful she's going to be, haughtily singing:

"I've got news, darling little critics! I won't lose, never have before! Everybody needs beauty and I'll make them see, they'll want to be home, like me!"

And when she does succeed, a chorus of admirers serenades her with:

"A fennel sandwich with Earl Grey tea, Martha! A festive bounty of potpourri, Martha! Martha, she's so seasonal! Martha, with cheese-artisan-al!"

Sally Wilfert, who last appeared on Broadway in "Assassins" and plays Martha, said she's landed the role of a lifetime.

"This is a wonderful part — I love it. Martha's such an interesting person and I have no doubt she's going to rise again," Wilfert told The Post.

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