Is Panama here, say, following winding path? (6)
I believe the answer is:
hatpeg
'is panama here say' is the definition.
(as in a Panama hat)
I don't understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for hatpeg that I've seen before include "where Kentucky Derby's held?" , "Cloakroom pin" , "Where to hang cap, etc" , "fixture for bowler?" .)