Possibly go and haunt this place? (4-3)
I believe the answer is:
hang-out
'this place?' is the definition.
(I have seen 'Frequent place' mean 'hang out' so perhaps 'place' could also mean 'hang out')
'possibly go and haunt' is the wordplay.
'possibly' indicates anagramming the letters.
'and' is a charade indicator (letters next to each other).
'go' put after 'haunt' is 'hauntgo'.
'hauntgo' with letters rearranged gives 'HANG-OUT'.
(Other definitions for hang-out that I've seen before include "Haunt" , "Regular meeting place" .)