Many awakening us with their revels (9)

I believe the answer is:

carousing

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'us with their revels' is the definition.
I can't judge whether this definition defines the answer.

'many awakening' is the wordplay.
'many' becomes 'c' (C is the Roman numeral for 100).
'awakening' becomes 'arousing' ('arouse' can be a synonym of 'awaken').
'c'+'arousing'='CAROUSING'

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I've seen this clue in The Globe and Mail.

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