Bobbin with coils around (5)
I believe the answer is:
spool
'bobbin' is the definition.
(synonyms)
'coils around' is the wordplay.
'coils' becomes 'loops' ('loop' can be a synonym of 'coil').
'around' is a reversal indicator.
'loops' back-to-front is 'SPOOL'.
'with' is the link.
(Other definitions for spool that I've seen before include "Loops around with reel" , "Film reel; wind" , "Bobbin, reel" , "On which film is wound" , "Ribbon holder" .)