Making a list? Checking it twice? Here are some guidelines to keep befuddled spouses, parents of teenagers and others on the right track.

*** THE SMASHING PUMPKINS, "The Aeroplane Flies High," Virgin. This limited-edition CD box is for hard-core fans. It supplements five singles from "Mellon Collie . . . " with an assortment of B-sides and previously unreleased versions of songs by Alice Cooper, the Cars and others.

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Albums and other items in the Gift Guide are rated on a scale of one star (poor), two stars (fair), three stars (good) and four stars (excellent).

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