Drunken ordeal and party in fabulous place (8)
I believe the answer is:
eldorado
'fabulous place' is the definition.
'Eldorado' can be an answer for 'place' (mythical golden city). I'm unsure of the 'fabulous' bit.
'drunken ordeal and party' is the wordplay.
'drunken' indicates anagramming the letters.
'and' means one lot of letters go next to another.
'party' becomes 'do' (do can informally mean a party).
'ordeal' is an anagram of 'eldora'.
'eldora'+'do'='ELDORADO'
'in' is the link.
Can you help me to learn more?
(Other definitions for eldorado that I've seen before include "city of riches" , "a place of great wealth" , "city, apparently lost" , "wealthy location" , "The golden land?" .)