Dance, intoxicated by drink (8)
I believe the answer is:
highball
'drink' is the definition.
(highball is a drink)
'dance intoxicated by' is the wordplay.
'dance' becomes 'ball' (ball is a kind of dance).
'intoxicated' becomes 'high' ('high' can be similar in meaning to 'intoxicated').
'by' is a charade indicator (letters next to each other).
'ball' put after 'high' is 'HIGHBALL'.
(Other definitions for highball that I've seen before include "Beverage" , "American drink with spirits and soda in tall glass" , "Cocktail drunk" , "Mixed drink served in a tall glass" , "Mixed alcoholic drink; go fast" .)