I've never thought of SOUNDEX or DIFFERENCE as that useful, and they are certainly a bit old-fashioned these days. However we can combine it with the full-text parser, and it does in fact answer this query. Note the extra quotes in the search statement:
DECLARE @inp NVARCHAR(MAX), @data NVARCHAR(MAX)
SET @inp= '"You can dance, you can jive, having .... jove... jve, ..."'
SET @data = 'jeve'
SELECT display_term, SOUNDEX(display_term) sdx
WHERE SOUNDEX(display_term) = SOUNDEX(@data)
AND LEN(display_term) <= LEN(@data)
SELECT display_term, SOUNDEX(display_term) sdx, DIFFERENCE(display_term,@data) diff
There is a fairly limited use case for these functions so if you have more complex examples then they probably won't extend. Worth a mention though.