Gift wraps straw packages for crossbow (8)

I believe the answer is:

arbalest

'crossbow' is the definition.
(I've seen this before)

'gift wraps straw packages' is the wordplay.
'gift' becomes 'art'.
'wraps' is an insertion indicator.
'straw packages' becomes 'bales'.
'art' going around 'bales' is 'ARBALEST'.

'for' acts as a link.

(Another definition for arbalest that I've seen is " Crossbow".)

I've seen this clue in The Times.

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