Cheese made a new way (4)
I believe the answer is:
edam
'cheese' is the definition.
(I've seen this before)
'made a new way' is the wordplay.
'a new way' indicates anagramming the letters.
'made' is an anagram of 'EDAM'.
(Other definitions for edam that I've seen before include "Dutch food" , "edible sphere" , "Dutch 8 across" , "Spherical cheese" , "milk product" .)