Be likely to consume ultimate in hipster fashion (5)
I believe the answer is:
trend
'fashion' is the definition.
(thesaurus)
'be likely to consume ultimate in hipster' is the wordplay.
'be likely' becomes 'tend'.
'to consume' indicates putting letters inside.
'ultimate in' says to take the final letters.
The last letter of 'hipster' is 'r'.
'tend' enclosing 'r' is 'TREND'.
(Other definitions for trend that I've seen before include "The way things are going?" , "be all over Twitter, Instagram, etc" , "General direction of movement" , "shift" , "Direction, tendency" .)