Crossword Genius

An old rope product (5)

Ross

I believe the answer is:

oakum

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

'rope product' is the definition.
The definition and answer can be both substances as well as being singular nouns.
Maybe they are linked in a way I don't understand?

'an old' is the wordplay.
I cannot quite see how this works, but
'an' could be 'a' and 'a' is found in the answer.
'old' could be 'o' (abbreviation as in OT - Old Testament) and 'o' is found within the answer.
The remaining letters 'kum' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for oakum that I've seen before include "Tarred ropes teased out for caulking ships" , "Rope fibre for caulking wooden ships" , "Caulking material" , "What convicts used to pick" , "Fibre from unravelled old rope" .)

I've seen this clue in the Evening Standard.
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