One has a hand in this good, good feeling (5)
I believe the answer is:
glove
'one has a hand in this good' is the definition.
'good feeling' is the wordplay.
'good' becomes 'g' (abbreviation).
'feeling' becomes 'love' (love is a kind of feeling).
'g'+'love'='GLOVE'
(Other definitions for glove that I've seen before include "something a boxer uses" , "On-hand children's entertainer?" , "Proverbially good fitter" , "Hand-cover" , "protective wear on" .)