"It's a mutual thing between Mr. Balanchine and me," said Ballerina Suzanne Farrell, 29, as she prepared to return to the New York City Ballet. Nearly six years ago, the willowy star was that rarest of rarities, a classical dancer with a chorus girl's legs. She was also Director George Balanchine's special protegee, rumored to follow Tamara Geva, Vera Zorina, Maria Tallchief and Tanaquil Le Clereq as the fifth Mrs. B. Then suddenly she married a fellow company member, Paul Mejia, 27, and, in the face of Balanchine's obvious displeasure, went into exile with the Maurice Bejart company in Brussels. However, three months ago, Balanchine, 70, was professionally spurned by her most dazzling successor, Gelsey Kirkland, 21, who went to dance with Mikhail Baryshnikov at the American Ballet Theater.

Left almost starless, the choreographer was glad to have Suzanne back. "We're going in January," said Suzanne happily. "My husband, dogs, cats, everyone!

I'm terribly excited." qed President Valery Giscard d'Estaing, 48, promised to give the French a relaxed political style when he was elected last May. Now the French are wondering what he meant. Recently, the satirical weekly Canard Enchaine reported that the President's Citroen had collided with a milk truck at 5 a.m. in Paris. Last week it claimed that he is a security risk, too often out of touch with his Elysee Palace office and the red button that controls the force de frappe. qed Then for the first time, the nation's respected liberal daily Le Monde published some rumors, adding that the Elysee denied them all. Still, nobody denies that while Giscard's family lives at their house in the Auteuil quarter of Paris, he sleeps most nights at the Elysee, and that he slips away for unofficial : weekends, leaving only a sealed letter containing his whereabouts in case of crisis.

Who is this Taffy writing in the New York Times to lambaste the greatest Englishman of his age, Winston Churchill? Was Welsh Actor Richard Burton trying a backhanded publicity stunt for the TV documentary The Gathering Storm, which starred Burton as a stringy, humorless Winnie and was aired to celebrate the centenary of Churchill's birth? Or was he playing protector of Fiancee Princess Elizabeth of Yugoslavia, whose father, Prince Paul, handed over his country to the Nazis in 1941 and was publicly vilified by Churchill?

Whatever the reason, the actor's outburst that Churchill was a despicable coward and an overriding dictator, in fact, "a medieval bandit king," met with more puzzlement than outrage in England. Said Churchill's grandson Winston: "When I had lunch with Burton recently, he almost thought he was Churchill." As for Burton, he issued a rambling apology, if not a retraction.

"My regret is that I may have caused pain to the splendid Lady Churchill," he said, adding generously, "Had we a greatly corrupted great man like Churchill, I would come back and live in Britain, pay taxes and if necessary, sweep the streets." qed "These days nobody expects Miss World to be a blue-eyed virgin," said Julia Morley of the British organization, Mecca Ltd., that runs the annual contest. She should know. Last year's Miss World, Marjorie Wallace of Indiana, was dethroned by Mecca after 14 weeks because her busy love life was grabbing the headlines. This year the judges went out of their way to avoid looking so stuffy. They chose Unmarried Mother Helen Morgan, 22, of Wales. But no sooner had Helen picked up her $7,000 cash prize than she had a fit of conscience.

Three years ago, she had a fling with a former Cardiff nightclub manager named Raymond Lovegrove ("She always insisted on going home to her boy friend every night," said Lovegrove, and now his wife Linda is threatening to sue him for divorce, naming Helen as corespondent). Reluctant to hurt her 18-month-old son Richard (the child of former boy friend Boutique Owner Christopher Clode) by more publicity, Helen abdicated. It was back to virgins for Mecca. The new Miss World, Runner-Up Anneline Kriel, 19, of South Africa, whose boy friend is a theological student, says: "I will ward off the wolves.

In South Africa, it is important for a girl to be a virgin when she marries." qed The Indian nations were in disarray. The Yakima were war-whooping over the seating arrangements, a Lummi complained about the food, and Sacheen Littlefeather was not there. On top of everything, there was Old Thunder Cloud himself, Marlon Brando, chiding the socialite nation for deserting its red brother. This uncomfortable powwow took place last week on a posh Manhattan reservation where Brando was chairman of a gala starring Guest of Honor Ethel Kennedy and Entertainers Harry Belafonte, Arlo Guthrie and Buffy Sainte-Marie to raise money for the impoverished U.S. Indians. Although some 300 guests paid up to $125 a ticket, the host could not even light a peace pipe right. Wearing a navy velvet jacket and turquoise beads given him by a Hopi chief, Brando arrived flanked by three magnificently attired Indians after announcing: "There's something obscene about dressing up and inviting a lot of rich people to raise money for the Indians." Paparazzo Ron Galella, who was felled last year by Brando in a street scuffle, had got dressed up too; he appeared in a football helmet garnished with a feather. The organizers hoped to raise $15,000 but, as one lonely Yakima surveying the shambles said, "There are many bad spirits here." qed With a cobra's speed, a jaguar's ferocity and the imagination of a Lenny Bruce, General Idi Amin Dado ("Big Daddy"), President of Uganda, has sacked his Foreign Minister, Princess Elizabeth of Toro, 34. He accused her of making love in a toilet at Paris' Orly Airport with an unknown European as she was on her way home from the U.N.

General Assembly meeting in New York recently. The former model and Uganda's first black female barrister is now back home but friends at the U.N., aware of Big Daddy's vengeful instincts, fear for her life. Officials at Orly were skeptical about the charge. Elizabeth, they said, spent the entire 15 minutes waiting for a plane connection in the company of 20 Ugandans. Thus, they added gravely, "she could not have, even if she had wanted to, taken part in the slightest extravagance." qed When Dick Cavett taped his first ABC talk show in 1968, there were those who declared that the wit of the Algonquin's round table of the '20s had come to TV.

But night-after-night exposure softened Cavett's irony. He never quite developed Johnny Carson's ineffable skill at keep ing people out of bed, and complains he got no help from the network. "They were always telling me that they could not stay up that late." In 1974 he was cut to a meager 26 shows and censored by the network when he got together a group of '60s radicals for a bourgeois chat about lifestyles. Last week Cavett announced he will move to CBS in 1975.

His $600,000 contract runs for 16 months and includes the production of a special. In addition, he will make guest appearances on other CBS shows and write a film script. Cavett's role in the film is uncertain. Says he: "It's hard to know whether the public will accept a black lesbian coolie."

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