Spiced drink (5)
(Other definitions for toddy that I've seen before include "Hot liquor" , "Mixture of spirits, sugar and hot water" , "Sap of wine-palm, as a drink" , "Drink made with spirits and hot water" , "Warm alcoholic drink" .)
'spiced drink' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for chai that I've seen before include "lady" , "Form of tea" .)