Beano cancelled after putting out extremely racist punchline (3-3)
I believe the answer is:
pay-off
'punchline' is the definition.
(I've seen this before)
'beano cancelled after putting out extremely racist' is the wordplay.
I cannot quite understand how this works, but
'cancelled' could be 'off' (similar in meaning) and 'off' is present in the answer.
The remaining letters 'pay' is a valid word which might be clued in a way I don't understand.
This may be the basis of the clue (or it may be nonsense).
Can you help me to learn more?
(Other definitions for pay-off that I've seen before include "Deserved reward" , "Final settlement - backhander" , "Result" , "Return on an investment" .)