Cheap yet tailored possible headgear for pirate? (8)

I believe the answer is:

eyepatch

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'possible headgear for pirate?' is the definition.
I can't tell whether this defines the answer.

'cheap yet tailored' is the wordplay.
'tailored' indicates anagramming the letters (the letters are customised ).
'cheap'+'yet'='cheapyet'
'cheapyet' is an anagram of 'EYEPATCH'.

Can you help me to learn more?

(Other definitions for eyepatch that I've seen before include "socket cover" , "Cover for optic injury" , "Optical injury cover" , "Pirate's facial attire" .)

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