Hardness of parameterized CLIQUE?
If $p$  can be a function of $t$, then the problem can be intermediate. Set up $p$ so that the number of edges will be say $\log^4 t$. Then obviously $s$ can be at most $\log^2 t$ and hence there is a $t^{\log^2 t}$ algorithm for this problem, meaning that the problem (under standard assumptions, say SAT doesn't have subexponential algorithms) cannot be NP hard.

On the other hand, this problem is harder than the standard clique problem on $\log^2 t$ vertices (you can always place all the edges on those vertices and ignore the rest). And so again, under the same assumption the problem doesn't have a polynomial time algorithm.

If $p$ is a constant then it's always NP hard as gphilip said.