Look, RAC's fixed holes in boat! (8)

I believe the answer is:

oarlocks

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'holes in boat' is the definition.
The answer and definition can be both man-made objects as well as being plural nouns.
Perhaps there's an association between them I don't understand?

'look rac's fixed' is the wordplay.
'fixed' indicates anagramming the letters.
'look'+'racs'='lookracs'
'lookracs' anagrammed gives 'OARLOCKS'.

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