What does the cryptic crossword clue "Sparkling drink, some signorina's tipple (4)" 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.

Sparkling drink, some signorina's tipple (4)

Telegraph Prize Cryptic #3134 | 21 Across | 2021-11-14 flower

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