Crossword Genius

High but not squeaky? (4-5)

Ross

I think it could be either:

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5

4-5
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'high' is the definition.
(thesaurus)

I don't understand the remainder of the clue.

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(Other definitions for oiled that I've seen before include "get drunk" , "Lubricated or drunk" , "Lubricated (with drink?)" , "protected from rust?" , "wasted" .)

I've seen this clue in the Evening Standard.
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