There's no need to tell you what B & T stands for, nor where this underground club actually exists. That's because nearly everyone in Phoenix's incestuous demimonde has been there and imbibed after hours. The bands that have played there are renowned, as are the licentious escapades of the revelers, the latter being on a par with the satanic orgies of London's late-18th-century Hellfire Club. Spankings, sexcapades and secrecy are the order of the day, and here many a nubile young lass turned on to the pleasures of exhibitionism. Those who are welcome often find invites in their mailboxes. Or such neophytes might accompany those in the inner circle, or simply be in the right place at the right time. Admission is allowed with the admonition that loose lips sink ships. But, alas, everyone loves talking about what's forbidden, especially when it's a speakeasy as established as this one. Hence, its status as P-town's best worst-kept secret.