Hang around, having missed grand cruise ship (5)
I believe the answer is:
liner
'cruise ship' is the definition.
(I've seen this before)
'hang around having missed grand' is the wordplay.
'hang around' becomes 'linger' (linger can mean to wait or hang around).
'having missed' suggests deleting specific letters.
'grand' becomes 'g' (G is short for grand as in a thousand).
'linger' with 'g' removed is 'LINER'.
(Other definitions for liner that I've seen before include "bin-bag?" , "reinforcement" , "Cosmetic; fine paintbrush" , "Large passenger-ship" , "that's put in bin" .)