Held cap with sled out of control (7)
I believe the answer is:
clasped
'held' is the definition.
'cap with sled out of control' is the wordplay.
'with' means one lot of letters go next to another.
'out of control' indicates an anagram.
'cap'+'sled'='capsled'
'capsled' with letters rearranged gives 'CLASPED'.
I've seen this clue in The Telegraph.
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