Multi-talented, but showing less than everlasting variety (9)

I believe the answer is:

versatile

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'multi-talented' is the definition.
(I've seen this before)

I don't understand how the rest of the clue works.

(Other definitions for versatile that I've seen before include "Good at many things" , "Capable of many functions" , "Adaptable sort of relatives" , "elastic!" , "variable" .)

I've seen this clue in the Evening Standard.

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