Lycra's hope to contain collapse (5)

I believe the answer is:

crash

'collapse' is the definition.
(I know that collapse can be written as crash)

'lycra's hope to contain' is the wordplay.
'to contain' says the answer is hidden in the clue (words from the clue contain the answer).
'CRASH' is hidden in the letters of 'lycras hope'.

(Other definitions for crash that I've seen before include "Impact" , "Economic collapse" , "Dramatic fall" , "failure" , "Disastrous market fall" .)

I've seen this clue in The Telegraph.

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