The Emperor's New Clothes"" in a sportive, slightly new guise--as, we're told, Lisl Weft performs it at the Little Orchestra Society's Young People's Concerts. Chiefly, indeed, the story is condensed and dramatized--to good picture-book purpose too. The unnamed king is now Panache the Great; the items in his lavish wardrobe-of foreign costumes as well as royal finery--are put on amusing display; the text stretches out and plays up the fun of the situation. ""'Here are your silvery silken trousers,' [the tailors] said as they helped the king into them--sort of""; ""'Now for your purple tufted tunic,' they said as they buttoned it up--sort of."" And, all along, Well's comic-opera pictures-fatuous poses, foolish faces--give the affair a good-humored gaiety. Not a substitute for the real thing, but an alternative that doesn't spoil it.