Dross! Oscar unlikely for creaking old British drama (10)
I believe the answer is:
crossroads
'creaking old british drama' is the definition.
Although both the answer and definition are singular nouns, I can't understand how one could define the other.
'dross oscar unlikely' is the wordplay.
'unlikely' is an anagram indicator.
'dross'+'oscar'='drossoscar'
'drossoscar' anagrammed gives 'CROSSROADS'.
'for' is the link.
Can you help me to learn more?
(Other definitions for crossroads that I've seen before include "critical situation?" , "Soap once" , "Meeting of ways" , "Intersection of ways" .)