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WD 40 works well. Otherwise, I recommend synthetic sprays - they tend to last longer and don't smell as much.
I do suggest inspecting it though - if it is wearing out or gumming up inside it may be worthwhile to replace it, it is a 25 year old component. There may be nothing wrong with it but it's worth checking into.
Rezvani's Latest Post-Apocalyptic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.