Crossword Genius

Exotic silky clothes bleached in elegant fashion (8)

Ross

I believe the answer is:

swankily

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'exotic silky clothes bleached in elegant fashion' is the definition.
I can't tell whether this defines the answer.

'exotic silky clothes bleached in elegant fashion' is the wordplay.
'exotic' indicates an anagram (an unusual form of the letters).
'clothes' means one lot of letters goes inside another (some letters clothe or cover others).
'bleached in elegant fashion' becomes 'wan' (I can't justify this - if you can you should give a lot more credence to this answer).
'silky' is an anagram of 'skily'.
'skily' placed around 'wan' is 'SWANKILY'.

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I've seen this clue in the Sydney Morning Herald.
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