Burlesque is component of secret raves, typically (8)

I believe the answer is:

travesty

(Other definitions for travesty that I've seen before include "Grotesque parody" , "Grossly unfair representation" , "False or distorted representation of something" , "Grotesque misrepresentation" , "Vary test (anag.)" .)

I've seen this clue in The Times.

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