Fancy bishop with alcohol returning to make a speech (9)
I believe the answer is:
elaborate
'fancy' is the definition.
('elaborate' can be similar in meaning to 'fancy')
'bishop with alcohol returning to make a speech' is the wordplay.
'bishop' becomes 'b' (abbreviation used in chess).
'with' means one lot of letters go next to another.
'alcohol' becomes 'ale' (ale is a kind of alcohol**).
'returning' says the letters should be written backwards.
'to make a speech' becomes 'orate' (I've seen this before).
'ale' written backwards gives 'ela'.
'b' put after 'ela' is 'elab'.
'elab'+'orate'='ELABORATE'
(Other definitions for elaborate that I've seen before include "Develop in more detail" , "Intricate - ornament" , "Work out or describe in detail" , "Highly detailed" , "with added detail" .)