Bloody dog bolted, covering Jack-in-the-box in sticky sauce (10,5)

'sticky sauce' is the definition.
(redcurrant jelly is sticky)

'bloody dog bolted covering jack-in-the-box' is the wordplay.
I cannot quite see how this works, but
'bloody' could be 'red' and 'red' is found within the answer.
'dog' could be 'cur' (both can mean a despicable person) and 'cur' is present in the answer.
'bolted' could be 'ran' (I've seen this in other clues) and 'ran' is located in the answer.
'jack' could be 'j' (playing card abbreviation) and 'j' is found within the answer.
'the' could be 't' (the is pronounced as a 't' sound in some dialects) and 't' is located in the answer.
The remaining letters 'elly' is a valid word which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).

'in' is the link.