By Marc Weingarten
Updated June 29, 2001 at 04:00 AM EDT

Along with Phish, this Athens, Ga., group are overlords of the jam-band cosmos. But where Phish use ’70s classic rock as a point of departure for their compositional flights of fancy, Panic are mired in their own vinyl record collection. Their slavish devotion to James Gang-like white-boy funk-rock and Southern rock makes them sound like reactionary throwbacks rather than anyone’s idea of the leading edge.