Groove trailing street parade (5)
I believe the answer is:
strut
'parade' is the definition.
(thesaurus)
'groove trailing street' is the wordplay.
'groove' becomes 'rut' ('rut' can be a synonym of 'groove').
'trailing' says to put letters next to each other.
'street' becomes 'st'.
'rut' put after 'st' is 'STRUT'.
(Other definitions for strut that I've seen before include "Strengthening bar" , "Support - pompous walk" , "Rigid support" , "Brace; swagger" , "Supportive member" .)