Night-club's musical features naked part (8)

I believe the answer is:

cabarets

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'night-club's musical features naked part' is the definition.
I can't tell whether this defines the answer.

'musical features naked part' is the wordplay.
'musical' becomes 'Cats' (Andrew Lloyd Webber musical).
'features' is an insertion indicator.
'naked part' becomes 'bare' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'cats' going around 'bare' is 'CABARETS'.

Can you help me to learn more?

(Other definitions for cabarets that I've seen before include "Entertainments in nightclubs" , "Floorshows in restaurants and nightclubs" , "Nightclubs with entertainment" .)

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

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