An American soldier threatens an Indian fakir as an Asian woman looks on in the San Francisco Mime Troupe's presentation of "The Dragon Lady's Revenge", an anti-war play concerning the Allied drug traffic in Southeast Asia. Yesterday at noon the troupe presented a free skit, "The Gutter Puppets and Gorilla Marching Band," before a large audience in front of Cabell Hall. In their twelve years of performances, the company has won critical acclaim from reviewers, and in 1968 they were awarded the off-Broadway "Obie". "The Dragon Lady's Revenge" will be presented tonight in Old Cabell Hall Auditorium at 7. Price of admission is $1.