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

The definition is "Promises of party". The wordplay uses a charade (building blocks). MANIFEST (synonym="show") + O (abbreviation="ring") = MANIFESTO; definition: "Promises of party" The answer is Manifesto.

Promises of party in show ring (9)

Telegraph #28019 | 13 Down | 2016-01-25 flower

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Also seen in

Guardian Cryptic #25785 (2012-11-05)