The bespectacled singer's latest, The Way It Really Is, starts off promisingly with ''Window Shopping,'' an invitation to try on a relationship like a pair of Jimmy Choos: ''Take me home/The tags are on/It's still a loan.'' It's deadpan clever in a Liz Phair way. Lisa Loeb tries on different metaphors elsewhere, like rubbernecking a romance wreck in ''Accident.'' Her writing is stronger than ever, and the material is curiously light on its feet.

