Honored with a party (5)
I believe the answer is:
feted
'honored with a party' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for feted that I've seen before include "Lionised" , "Wined, dined and honoured" , "Honoured with festivities" , "Honoured lavishly" , "Wined and dined, celebrated" .)