Lamb cooked outside university makes record (5)
I believe the answer is:
album
'record' is the definition.
(I've seen this in another clue)
'lamb cooked outside university' is the wordplay.
'cooked' is an anagram indicator (letters cooked into a new form).
'outside' means one lot of letters goes inside another.
'university' becomes 'U' (abbreviation for university).
'lamb' is an anagram of 'albm'.
'albm' placed around 'u' is 'ALBUM'.
'makes' is the link.
(Other definitions for album that I've seen before include "Book of snaps" , "Item of music released" , "Compilation of recordings" , "Book for organising photographs" , "A music record or a book of photos" .)