Village regularly supplying drink (5)
I believe the answer is:
lager
'drink' is the definition.
(lager is a kind of drink)
'village regularly supplying' is the wordplay.
'supplying' says the answer is hidden in the clue.
'LAGER' can be found hidden inside 'village regularly'.
(Other definitions for lager that I've seen before include "Lout's drink?" , "Regal sort of beer" , "A regal sort of drink" , "Light beer; sounds like camp" , "Continental beer" .)