Crossword Genius

Party in power that tends, mostly, to waver (5,3,4,3)

Ross

I believe the answer is:

paint the town red

I'm a little stuck... Click here to teach me more about this clue!

'party' is the definition.
Both the definition and answer are adjectives.
Perhaps they are linked in a way I don't understand?

'in power that tends mostly to waver' is the wordplay.
'mostly' means to remove the last letter.
'to waver' is an anagram indicator (I've seen 'wavering' mean this).
'in'+'power'+'that'+'tends'='inpowerthattends'
'inpowerthattends' with its final letter removed is 'inpowerthattend'.
'inpowerthattend' anagrammed gives 'PAINT THE TOWN RED'.

Can you help me to learn more?

(Other definitions for paint the town red that I've seen before include "Go on a pub crawl" , "Celebrate" , "enjoy celebration" , "get rid of the blues?" .)

I've seen this clue in The Sunday Times.
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