What does the cryptic crossword clue "Promises of party in show ring (9)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Promises of party in show ring (9)

Guardian Cryptic #25785 | 14 Down | 2012-11-05 flower

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Telegraph #28019 (2016-01-25)