Miss a meal or one prepared? (3,5)

I believe the answer is:

cut lunch

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'one prepared?' is the definition.
I don't know anything about this answer so I can't tell whether it can be defined by this definition.

'miss a meal' is the wordplay.
'miss' becomes 'cut' (cutting is a kind of missing).
'a meal' becomes 'lunch' (lunch is a kind of meal).
'cut'+'lunch'='CUT LUNCH'

'or' acts as a link.

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I've seen this clue in the Sydney Morning Herald.

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