Bachelor parking large car outside dance (5)
I believe the answer is:
limbo
'dance' is the definition.
(type of dance)
'bachelor parking large car outside' is the wordplay.
'bachelor parking' becomes 'b' (I can't justify this - if you can you should believe this answer much more).
'large car' becomes 'limo' (I've seen this before).
'outside' is an insertion indicator (some letters go outside others).
'b' inserted into 'limo' is 'LIMBO'.
Can you help me to learn more?
(Other definitions for limbo that I've seen before include "In medieval theology, heavenly abode for the unbaptised" , "West Indian dance - state of uncertainty" , "(Under bar) dance" , "It's close to hell!" , "State of suspension" .)