Cryptic crossword clue
Slightly drunk graduate, man giving good cheer 11

The most common and most likely answer to this crossword clue is the 11 letter word MERRYMAKING

I've seen this crossword clue in The Daily Telegraph
M
E
R
R
Y
M
A
K
I
N
G

Buddy explains!

The straight part
We know that "good cheer" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case good cheer = merrymaking.
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 MERRYMAKING mean?

MERRYMAKING noun
  1. Joyful festivities, especially as a celebration.

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