And the geeks shall inherit the earth: A cavalcade of lovable losers populates Putnam County this season's smallest, most adorably earnest new musical from the dictionary-obsessed Olive Ostrovsky to the histaminic William Barfee (''It's pronounced Bar-FAY!''). Creators Rebecca Feldman, Rachel Sheinkin, and William Finn have produced a terrific trifle of a show, a beautifully melodic bagatelle that one only wishes were more substantial. (Finn's score, sadly, doesn't soar like his Falsettos.) Still, there's plenty of fun to be had even if you can't spell phylactery. B+


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