Spectator has neither cold nor hot drink (5)
I believe the answer is:
water
'drink' is the definition.
(water is an example)
I don't understand the remainder of the clue.
Can you help me to learn more?
(Other definitions for water that I've seen before include "Colourless, odourless and tasteless liquid" , "Commonplace drink" , "Transparent liquid" , "Gem quality; fluid" , "something damp" .)