I, for my part, lean most readily towards wit and satire. I think of satire as overlapping light verse but also what I do not think of as light verse. I echo Susan in that light verse happens to be my best anodyne.
Dorothy Parker and the Art of Light Verse by John Hollander proved an interesting read, having recently happened upon it. It touches on the question of what constitutes light verse, how it is done well, among other things.