This issue of Panty Lines, originally published in 1988, has been completely revised, the artwork redrawn and colorized, and new material added. Most everything that was in the original is still here, including Part 6 of "The Making of a Sissy," which describes the terror little Jimmie experienced because he wanted to be a girl.    New features include still photos from the movie Billy Elliot and several new stories and pictures. Stories include: a man's girlfriend guesses he is a sissy and shows him her petticoat punished brother; a woman forces her boyfriend to jack-off in front of her girlfriends; a woman celebrates female liberation by giving her sissy nephew a severe spanking and caning; and a column from a feminist website where women react to a woman who doesn't know what to do after catching her husband jacking off in their twelve-year-old daughter's panties.    Other stories include: three women train a sissy to give them oral sex regardless of the time of the month or even if they just went to the toilet, a boy under petticoat punishment is locked out of the house, and a boy has his first sexual experience while he and his little boyfriend play around in lingerie belonging to the boy's sister.    This issue includes 10 photographs and 6 drawings. Pictures and stories range from "G" to "X" rated.