Polish sent up by fresh sequel to parody (9)
I believe the answer is:
burlesque
'parody' is the definition.
('burlesque' can be a synonym of 'parody')
'polish sent up by fresh sequel' is the wordplay.
'polish' becomes 'rub' (polish meaning rub to make shiny).
'sent up' is a reversal indicator.
'by' is a charade indicator (letters next to each other).
'fresh' is an anagram indicator.
'rub' reversed gives 'bur'.
'sequel' with letters rearranged gives 'lesque'.
'bur'+'lesque'='BURLESQUE'
'to' is the link.
(Other definitions for burlesque that I've seen before include "Parody - show with striptease?" , "Ludicrous imitation" , "Ludicrous satire" , "Takeoff" , "Mocking, perhaps" .)