Street band likes playing, giving pleasure (4,3,8)
I believe the answer is:
beer and skittles
'pleasure' is the definition.
(informal UK phrase meaning a good time)
'street band likes playing' is the wordplay.
'playing' is an anagram indicator.
'street'+'band'+'likes'='streetbandlikes'
'streetbandlikes' is an anagram of 'BEER AND SKITTLES'.
'giving' acts as a link.
(Other definitions for beer and skittles that I've seen before include "Entertainment" , "amusement" , "idle fun" , "pleasure" , "provided at a licensed bowling alley" .)