Feline takes in strip show (7)
I believe the answer is:
cabaret
'show' is the definition.
(cabaret is a kind of show)
'feline takes in strip' is the wordplay.
'feline' becomes 'cat' (cat is a kind of feline).
'takes in' means one lot of letters goes inside another.
'strip' becomes 'bare' (synonyms).
'cat' going around 'bare' is 'CABARET'.
(Other definitions for cabaret that I've seen before include "Revue" , "Entertainment at night club" , "Entertainment provided in a nightclub" , "Film set in 1931 Berlin - floor show" , "In nightspot" .)