Staff, after parade, gets the cane (7,5)
I believe the answer is:
swagger stick
'staff' is the definition.
(I know that swagger stick is a type of cane)
'parade gets the cane' is the wordplay.
'parade' becomes 'swagger' (I can't explain this - if you can you should give a lot more credence to this answer).
'gets' says to put letters next to each other.
'the cane' becomes 'stick' (I've seen this before).
'swagger'+'stick'='SWAGGER STICK'
'after' acts as a link.
Can you help me to learn more?
(Other definitions for swagger stick that I've seen before include "Short cane carried by army officers" , "Cane held by army officers" , "Army officer's short leather-covered cane" .)