Poet rejected party with Society in it (5)
I believe the answer is:
odist
'poet' is the definition.
(someone writing odes)
'rejected party with society in it' is the wordplay.
'rejected' shows that the letters should be reversed in order.
'party' becomes 'do' (do is a kind of party).
'with' is a charade indicator (letters next to each other).
'society' becomes 's' (common abbreviation in names of organisations).
'in' is an insertion indicator.
'do' back-to-front is 'od'.
's' inserted inside 'it' is 'ist'.
'od'+'ist'='ODIST'
(Another definition for odist that I've seen is " Poet".)