Excellent alcohol and Edward's cheerful (4-8)

I believe the answer is:

high-spirited

'cheerful' is the definition.
(high-spirited can mean cheerful or joyful)

'excellent alcohol and edward's' is the wordplay.
'excellent' becomes 'high' (high quality).
'alcohol' becomes 'spirit' (alcoholic spirit).
'and' says to put letters next to each other.
'edward' becomes 'ed' (short for Edward).
'high'+'spirit'+'ed'='HIGH-SPIRITED'

(Another definition for high-spirited that I've seen is " Lively and cheerful".)

I've seen this clue in The Telegraph.

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