Cut right through hollow (5)
I believe the answer is:
carve
'cut' is the definition.
(carving is a kind of cutting)
'right through hollow' is the wordplay.
'right' becomes 'r' (common abbreviation).
'through' means one lot of letters goes inside another (I've seen this in other clues).
'hollow' becomes 'cave' (caving is a kind of hollowing).
'r' placed inside 'cave' is 'CARVE'.
(Other definitions for carve that I've seen before include "Slice up; sculpt" , "Cut meat with sharp knife" , "Cut (cooked meat)" , "fashion" , "Cut meat into slices for eating" .)