Just a classic GGA cover in my book, Torchy 4. There are quite a few great Torchy covers (really there are no losers in the 6 issue run). #4 though is the swimsuit edition, with the periscope gag (how do all those subs fit in that space!?!?!). 

The old piece of tape that is holding the tear in place on the bottom edge is actually on the back of the cover (with the adhesive making the discoloring thru the cover material). And some cheeky kid decided to draw on the first page in the margin to hide the fact that the cover's bottom corner was missing. Such a fun book to have, I dont care about the old "enhancements"  This was my first GGA/Cheesecake cover as I started to expand my collection this year.