Hit it off with again and hang around (5)
I believe the answer is:
hover
'hang around' is the definition.
(I've seen this before)
'hit it off with again' is the wordplay.
'off' indicates named letters should be taken away.
'with' says to put letters next to each other.
'again' becomes 'over' (as in the phrases 'start over' and 'start again').
'hit' with 'it' taken out is 'h'.
'h'+'over'='HOVER'
'and' acts as a link.
(Other definitions for hover that I've seen before include "Remain stationary while aloft" , "What some cross-Channel craft do" , "Float hanging in the air" , "Float above in the air, perhaps a craft" , "Fly over same spot" .)