Cancel a French party (4)
I believe the answer is:
undo
'cancel' is the definition.
(I've seen this before)
'a french party' is the wordplay.
'a french' becomes 'un' ('a' in French).
'party' becomes 'do' (do is a kind of party).
'un'+'do'='UNDO'
(Other definitions for undo that I've seen before include "Open, a knot say" , "Cancel -- annul -- reverse" , "Loosen; annul" , "Unfasten or annul" , "Ruin, destroy" .)