Revered people (5)
I believe the answer is:
idols
'revered people' is the definition.
'idols' can be an answer for 'people' (idol is a kind of person). I also know that 'revered' relates to this answer.
This is the entire clue.
(Other definitions for idols that I've seen before include "False gods" , "Solid (anag.)" , "Graven images sometimes worshipped" , "Effigies worshipped as gods" , "Much-admired persons" .)