After a bar-dominated few years, NYC might soon be clubland again, what with Bungalow 8 making a return (even if it's "Bungalow"-less and supposedly Sacco-less these days), and Pink Elephant, the sequel, opening its doors tonight at 40 West 8th Street. Whether the nightspots can conjure up the ebullience of the pre-crash era remains to be seen. However, this one's sure gonna try, by means of an LED-lighted Infinity Room and a nod to our brave new age in the form of a "mixology bar." There's also a stage that'll host regular "torch song" performances, and the rest of the decor consists of lots of silver and black, with mirrors and other dazzling touches. Get out the shiny, short cocktail dresses, ladies; and gentlemen, open those collars by another button — It's time to party like it's 2004.