Don’t be put off by the arcane, old-world premise of The Last Laugh: A pompous, aging doorman (a remarkable Jannings) at a luxury Berlin hotel is stripped of his prestigious uniform and demoted to handing out towels in the men's room. F.W. Murnau's tearjerker with its ironic happy ending, groundbreaking camera work, and innovative lack of intertitles was rightly praised by Alfred Hitchcock as ''almost the perfect film.'' Aside from a handsomely restored print, Kino's two-disc package includes a nifty doc demonstrating how cinematographer Karl Freund and the set designers achieved some of the movie's entrancing effects. A

