Make little of miserable drama (8)
I believe the answer is:
downplay
'make little of' is the definition.
'miserable drama' is the wordplay.
'miserable' becomes 'down'.
'drama' becomes 'play' (synonyms).
'down'+'play'='DOWNPLAY'
(Other definitions for downplay that I've seen before include "Avoid promotion" , "moderate" , "Not make a lot of" , "Treat as unimportant" , "stress less" .)