Buddy Thomas's raucous raspberry to childhood's best-known bedtime stories was neatly directed in its world premiere by Nearly Naked founder Damon Dering. If Valley of the Dolls author Jacqueline Susann had written fairy tales instead of potboilers, they might have resembled these second-act stories, whose heroines were all slatternly, marvelously grouchy, and mostly played by men. The effect was of an especially rambunctious Bette Davis impersonation contest, led by actor Terre Steed, who inched slightly ahead in this drag race if only because he portrayed four different women, most notably Snow White's Magic Mirror, an embittered, shrieking reflection of a baritone Baby Jane who convinces Snow not to be so pure. The real magic was in Mr. Steed's performance.