Blue, old boy on stage (7)
I believe the answer is:
obscene
'blue' is the definition.
(thesaurus)
'old boy on stage' is the wordplay.
'old boy' becomes 'ob'.
'on stage' becomes 'scene' (I can't justify this - if you can you should believe this answer much more).
'ob'+'scene'='OBSCENE'
Can you help me to learn more?
(Other definitions for obscene that I've seen before include "offending sensibilities?" , "Prurient" , "Indecent, lewd" , "Rude" , "Improper" .)