That's Good, That's Bad by Joan M. Lexau and illustrated Aliki. Copyright 1963. Weekly Reader Children's Book Club Edition.
My son and I LOVE this book...it's a story about how a tiger comes across a boy in the jungle. He asks him to run so that he can chase and eat him and the little boy says no because he has no more run left in him. The tiger is curious as to why so the boy begins to tell him a long story about his encounter with a rhino. As he tells different details of the story--the tiger says "that's good" at the good parts and "that's bad" at the bad parts and has so many different expressions that are hilarious. I love how the tiger gets so into the story and by the end of it the rhino has reappeared and chases the tiger while the boys escapes. It's such a fun read and my son just LOVES the whole "that's bad", "that's good" aspect.
I didn't find a ton of these online but here are some links if you want to try and score your own. Some people are trying to get a lot for them!!
I'm linking up with LiL Vintage Story Books!