Play with spirit on the street (5)
I believe the answer is:
'play' is the definition.
(I've seen this before)
'spirit on the street' is the wordplay.
'spirit' becomes 'rum' (alcoholic spirit).
'on' says to put letters next to each other.
'the street' becomes 'st' (abbreviation).
'rum' after 'st' is 'STRUM'.
'with' acts as a link.
(Other definitions for strum that I've seen before include "Sweepingly sound guitar strings" , "Play a banjo" , "Casually play (a guitar)" , "Play stringed instrument with sweep of hand" , "Sweep fingers over strings" .)