I have no way of knowing if the OP is his claimed age or not.
YES, yeast will eat the sugars and make alcohol. It'll probably taste like crap. If you're of age, you'll be much better off hitting up the liquor store for bargain hooch; if you're a kid, you're not going to impress the ladies with fermented Kool-Aid.
If you're interested in distillation, that's for another forum.
Anyone have anything else to add?