New Age crank largely dwells on it (6,9)

I believe the answer is:

carnal knowledge

'it' is the definition.
(both are euphemisms for sex)

'new age crank largely dwells on' is the wordplay.
'new' indicates anagramming the letters.
'largely' means to remove the last letter (most but not all of the letters).
'dwells' with its final letter taken away is 'dwell'.
'age'+'crank'+'dwell'+'on'='agecrankdwellon'
'agecrankdwellon' with letters rearranged gives 'CARNAL KNOWLEDGE'.

(Another definition for carnal knowledge that I've seen is " It".)

I've seen this clue in The Independent.

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