Wild dancing in red fez (8)
I believe the answer is:
frenzied
'wild' is the definition.
(thesaurus)
'dancing in red fez' is the wordplay.
'dancing' indicates an anagram.
'in'+'red'+'fez'='inredfez'
'inredfez' is an anagram of 'FRENZIED'.
(Other definitions for frenzied that I've seen before include "Violently agitated" , "Frenetic" , "Wildly excited or agitated" .)