Crowd can live with hollow victory (4)
I believe the answer is:
bevy
'crowd' is the definition.
(thesaurus)
'live with hollow victory' is the wordplay.
'live' becomes 'be' (synonyms).
'with' means one lot of letters go next to another.
'hollow' says to hollow out the word (remove centre letters).
'victory' with its middle removed is 'vy'.
'be'+'vy'='BEVY'
'can' acts as a link.
(Other definitions for bevy that I've seen before include "Group (of larks, ladies etc)" , "Group of girls, quail" , "hen party" , "Large group (of people)" , "Gaggle" .)