After consuming spirit, graduate might dance (5)
I believe the answer is:
rumba
'dance' is the definition.
(rumba is a type of dance)
'after consuming spirit graduate' is the wordplay.
'after' says to put letters next to each other.
'consuming spirit' becomes 'rum' (alcoholic spirit. I am not sure about the 'consuming' bit.).
'graduate' becomes 'BA' (someone with a Bachelor of Arts degree).
'rum'+'ba' is 'RUMBA'.
'might' is the link.
Can you help me to learn more?
(Other definitions for rumba that I've seen before include "South American dance" , "Cuban folk-dance" , "What to perform" , "Dance originating in Cuba" , "Burma (anag)" .)