Gypsy dodging extravagant caper (5)

I believe the answer is:

antic

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'caper' is the definition.
(synonyms)

I cannot understand how the rest of the clue works.

(Other definitions for antic that I've seen before include "Absurd act" , "Playful caper" , "Absurd action" , "Grotesque, fantastic (archaic)" , "Prank" .)

I've seen this clue in The Independent.

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