Did a spin, with Tragedy playing (7)
I believe the answer is:
gyrated
'did a spin' is the definition.
(to gyrate is to spin round)
'tragedy playing' is the wordplay.
'playing' indicates an anagram.
'tragedy' is an anagram of 'GYRATED'.
'with' acts as a link.
(Other definitions for gyrated that I've seen before include "What whirling dervishes did" , "did turns" , "What Turner did" , "Writhed" .)