New university (Dutch) that's exhibiting naked folk (5)
I believe the answer is:
nudie
'naked folk' is the definition.
The definition suggests a singular noun which matches the answer.
'new university dutch that's' is the wordplay.
'new' becomes 'n' (abbreviation as in New Testament NT).
'university' becomes 'U' (abbreviation for university).
'dutch' becomes 'd' (abbreviation for Dutch).
'that's' becomes 'ie'.
'n'+'u'+'d'+'ie'='NUDIE'
'exhibiting' is the link.
Can you help me to learn more?
(Other definitions for nudie that I've seen before include "with strippers?" , "One's uncovered" .)