Crossword Genius

A failure as a fast dye? (7)

Ross

I believe the answer is:

washout

I'm a little stuck... Click here to teach me more about this clue!

'a failure' is the definition.
(I know that washout is a type of failure)

'as a fast dye?' is the wordplay.
I cannot really understand how this works, but
'as' is within the answer.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for washout that I've seen before include "A complete failure - too much rain" , "Cancelled test, for example" , "Cancelled event - utter failure" , "Failure - cancellation" , "match abandoned due to rain?" .)

I've seen this clue in the Evening Standard and The Globe and Mail.
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