Cycled round giving exhibition of riding skills (5)
I believe the answer is:
rodeo
'exhibition of riding skills' is the definition.
'rodeo' can be an answer for 'exhibition' (rodeo is a kind of exhibition). I am unsure of the 'of riding skills' bit.
'cycled round' is the wordplay.
'cycled' becomes 'rode' (I've seen this before).
'round' becomes 'o' (round can mean a round object).
'rode'+'o'='RODEO'
'giving' acts as a link.
Can you help me to learn more?
(Other definitions for rodeo that I've seen before include "One should be up for this event" , "Wild West show" , "sort of exhibition" , "show with mounting excitement" , "At which cowboys show their skills" .)