Pick of the Spanish, Italian, and English (5)
I believe the answer is:
Here is my best explanation:
'pick' is the definition.
(I've seen this before)
'the spanish italian and english' is the wordplay.
'the spanish' becomes 'el' (**).
'italian' becomes 'it'.
'and' says to put letters next to each other.
'english' becomes 'e' (abbreviation).
'of' is the link.
(Other definitions for elite that I've seen before include "A privileged or superior social group", "Cream, the pick", "size of letter", "one of the letter sizes", "A particular typesize", "Aristocracy", "The select few", "Exclusive group", "aristocracy" and "The cream".)