By Ken Tucker
Updated February 17, 1995 at 05:00 AM EST

THE THE Hanky Panky (550 Music) Most rock interpretations of country music fail because the whippersnappers interpret the material with either too much irony or too much corn pone. The The’s Matt Johnson mostly avoids these flaws; covering a disc’s worth of Hank Williams songs, Johnson internalizes Williams’ ’50s despair and coughs it up as modernist melancholy. ”I Saw the Light” never sounded so dark. B+