Go round the globe on it (5)
I believe the answer is:
orbit
'go round' is the definition.
(I've seen this before)
'globe on it' is the wordplay.
'globe' becomes 'orb' (synonyms).
'on' is a charade indicator (letters next to each other).
'orb'+'it'='ORBIT'
'the' acts as a link.
(Other definitions for orbit that I've seen before include "Sort of circuit" , "heavenly passage" , "Range of influence" , "Moon's track" , "Planet's path" .)