The reading is kun'yomi, which isn't what you learned with the kanji. But, it should be pretty easy. You know what Japanese alcohol is called already, right? It's さけ, simple as that. So long as you've heard of sake you should be A-Okay with this reading.
I drank alcohol at the party.
That sake is out of season now, so I'm afraid it's not available.
"Let’s split the bill." "No, it’s on me this time. I drank a lot of alcohol, but you didn’t drink anything"