Two-syllable cheer (3)
I believe the answer is:
ole
'two-syllable cheer' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for ole that I've seen before include "A Spanish hooray" , "Hooray for the Spaniards" , "Madrid exclamation" , "Spanish victory cry" , "Hurray in Spain" .)