Fine fabric in reddish-yellow (5)

I believe the answer is:

flame

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'reddish-yellow' is the definition.
I can't judge whether this defines the answer.

'fine fabric' is the wordplay.
'fine' becomes 'f' (abbreviation in pencil classifications).
'fabric' becomes 'lame' (lame is a kind of fabric).
'f'+'lame'='FLAME'

'in' acts as a link.

Can you help me to learn more?

(Other definitions for flame that I've seen before include "Orange-red; set alight" , "Glowing part of fire" , "Ignited gas" , "Evidence of fire" , "abusive comment" .)

I've seen this clue in The Guardian.

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