Lift from compere entertaining one (5)
I believe the answer is:
hoist
'lift' is the definition.
('hoist' can be a synonym of 'lift')
'compere entertaining one' is the wordplay.
'compere' becomes 'host' (I've seen this before).
'entertaining' is an insertion indicator.
'one' becomes 'i' (Roman numeral**).
'host' placed around 'i' is 'HOIST'.
'from' acts as a link.
(Other definitions for hoist that I've seen before include "Lift with ropes and pulleys" , "set of flags" , "Elevate" , "I shot (anag)" , "Lift with rope and pulley" .)