Song about imbibing orange juice and wine (5)
I believe the answer is:
rioja
'wine' is the definition.
(Rioja is an example)
'song about imbibing orange juice' is the wordplay.
'song' becomes 'air' (I've seen this before).
'about' shows that the letters should be reversed in order.
'imbibing' is an insertion indicator.
'orange juice' becomes 'oj'.
'air' back-to-front is 'ria'.
'ria' going around 'oj' is 'RIOJA'.
'and' is the link.
(Other definitions for rioja that I've seen before include "Popular Spanish wine" , "Spanish table wine" , "it comes from grapevine" , "kind of red" , "Spanish wine variety" .)