Cat attracts extremely unusual VIP (5)
I believe the answer is:
mogul
'vip' is the definition.
(thesaurus)
'cat attracts extremely unusual' is the wordplay.
'cat' becomes 'mog' (I've seen this before**).
'attracts' means one lot of letters go next to another.
'extremely' says to hollow out the word (remove centre letters).
'unusual' with its middle removed is 'ul'.
'mog'+'ul'='MOGUL'
(Other definitions for mogul that I've seen before include "Powerful person, potentate" , "Tycoon -- ski slope mound" , "Important person; snow mound on a ski slope" , "Bashaw" , "bigwig" .)