Dip huge — right to replace knight (7)
I believe the answer is:
immerse
'dip' is the definition.
(thesaurus)
I can't explain the rest of the clue.
(Other definitions for immerse that I've seen before include "Baptise" , "Dip totally into liquid" , "Plunge deep into liquid" , "Dip under the surface of a liquid completely" , "Absorb" .)