Loudly unwrapped cheap sweet (5)
I believe the answer is:
fudge
'sweet' is the definition.
(fudge is a kind of sweet)
'loudly unwrapped cheap' is the wordplay.
'loudly' becomes 'f' (short for forte - 'loud' in music).
'unwrapped' indicates the central letters (the letters which wrap the word are removed).
'cheap' becomes 'budget' (budget can mean cheap or low-priced).
The middle letters of 'budget' are 'udge'.
'f'+'udge'='FUDGE'
(Other definitions for fudge that I've seen before include "Sweet - evasion" , "Adjust (figures) to meet desired result; sweet" , "Equivocate - sweetmeat" , "Cook the books" , "Put together in makeshift way, like soft sweet" .)