Bust a gut containing party of lads
I believe the answer is:
stag
'party of lads' is the definition.
'stag' can be an answer for 'party' (stag party is a kind of party). I am not certain of the 'of lads' bit.
'bust a gut containing' is the wordplay.
'containing' indicates a hidden word (I've seen 'contains' mean this).
'STAG' can be found hidden inside 'bust a gut'.
Can you help me to learn more?
(Other definitions for stag that I've seen before include "Adult male deer, often with antlers" , "animal of the deer family" , "American party" , "speculator wanting quick profit" , "Deer; with only men" .)