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Foundered when afield, reeling (6)

Ross

I believe the answer is:

failed

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'foundered' is the definition.
The answer and definition can be both to do with social activities as well as being past participle verbs.
Maybe they are linked in a way I don't understand?

'afield reeling' is the wordplay.
'reeling' indicates an anagram.
'afield' is an anagram of 'FAILED'.

'when' is the link.

Can you help me to learn more?

(Other definitions for failed that I've seen before include "Didn't succeed" , "Bankrupt" , "Didn't make it - not well" , "Did not succeed, perhaps at exam" , "Was unsuccessful, did not pass exam" .)

I've seen this clue in The Everyman puzzle in The Observer.
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