The most common and most likely answer to this crossword clue is the 7 letter word ROISTER
I've seen this crossword clue in The Times
R
O
I
S
T
E
R
More clues leading to the result ROISTER
- Party in Cairo is terrific
- Rollick and roll around island
- Celebrate sushi finally being in list
- Party, hard one to fit into schedule
- Revel in resistance, ordered to rise
- French King having way with Queen in revel
- Go wild — aggro is terrifying inside
- Party forcing one into list
- Noisy reveller for whom dawn herald gets one for nothing
- Essentially cheerful after nonsense about island revel
Buddy explains!

The straight part
We know that "Party" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case party = roister.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does ROISTER mean?
ROISTER noun- A roisterer.
- To engage in noisy, drunken, or riotous behavior.
- To walk with a swaying motion.