Drink with king in wood (4)
I believe the answer is:
teak
'wood' is the definition.
(teak is a kind of wood)
'drink with king' is the wordplay.
'drink' becomes 'tea' (tea is a kind of drink).
'with' is a charade indicator (letters next to each other).
'king' becomes 'k' (abbreviation for king in chess).
'tea'+'k'='TEAK'
'in' acts as a link.
(Other definitions for teak that I've seen before include "Strong heavy wood of an Asian tree" , "E. Indies hardwood" , "Heavy wood of a tall evergreen Asian tree" , "Hard wood for Kate" , "A SE Asian hardwood" .)