Fading and dingy, thrown out (5)
I believe the answer is:
dying
'fading' is the definition.
(I've seen this in another clue)
'dingy thrown out' is the wordplay.
'thrown out' indicates anagramming the letters.
'dingy' is an anagram of 'DYING'.
'and' acts as a link.
(Other definitions for dying that I've seen before include "Perishing" , "Declining" , "Near death" , "Withering" , "On the point of death" .)