Parade not exactly holding show (6)
I believe the answer is:
denote
'show' is the definition.
(thesaurus)
'parade not exactly holding' is the wordplay.
'holding' indicates a hidden word.
'DENOTE' is hidden within 'parade not exactly'.
(Other definitions for denote that I've seen before include "Need to (anag) - indicate" , "Mean or signify" , "Be the sign or symbol of" , "show" , "Stand as symbol for" .)