Previews for the 90-minute drama began March 11. George C. Wolfe (who is exiting as producer of the downtown Manhattan not-for-profit to make room for the incoming Oskar Eustis) directs the play, which was to have run through April 17. LaBute's previous premiere this season, Fat Pig, also extended.

In Fat Pig, LaBute looked at what can happen to a guy when he chooses to date a woman who is less than svelte. In This Is How It Goes—the title of which has the fatalistic ring of the past LaBute work The Shape of Things—he trains his eye on a small town in America for what is billed as a "new tale of manipulation, exploitation, race and infidelity," through "the story of an interracial love triangle."

Peet is known for supporting roles in such films as "Something's Gotta Give," "The Whole Nine Yards" and "Igby Goes Down."

Stiller is widely known for his comedic turns in such films as "Meet The Parents," "There's Something About Mary," "The Cable Guy" and "Reality Bites" — directing the latter two. The son of fellow stage veterans Jerry Stiller (Hurlyburly) and Anne Meara (Anna Christie), he has been seen on stage in the Lincoln Center Theater production of John Guare's The House of Blue Leaves, which began Off-Broadway in 1986 before transferring to Broadway. Wright has starred on Broadway in Angels in America and Topdog/Underdog, and in Central Park in Julius Caesar. His screen credits include "Shaft" and the television movie of "Angels."

LaBute — the scribe behind bash and The Shape of Things — will debut a new solo work, Wrecks, at the Everyman Palace Theatre in southern Ireland's Cork this fall. He also contributed one acts to the recent inaugural Tribeca Theatre Festival and the upcoming MCC Theatre benefit.

Director Wolfe — who directed the HBO Films version of Lackawanna Blues — is also set to stage Shakepeare's A Midsummer Night's Dream this summer — his first Delacorte Theatre assignment since the 1997 mounting of the Bernstein-Comden-Green musical On the Town.

For tickets to and information about This Is How It Goes, at The Public Theater, 425 Lafayette Street, visit www.publictheater.org.