Pass as new verse (5)
I believe the answer is:
serve
'pass' is the definition.
(serving is a kind of passing)
'new verse' is the wordplay.
'new' indicates anagramming the letters.
'verse' is an anagram of 'SERVE'.
'as' acts as a link.
(Other definitions for serve that I've seen before include "Assist" , "Be adequate; put ball in play" , "Commence play in tennis" , "Dish out food" , "Function (as)" .)