* Possibly held over it (8)

I believe the answer is:

verdelho

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'it' is the definition.
I don't know anything about this answer so I cannot judge whether it can be defined by this definition.

'possibly held over' is the wordplay.
'possibly' indicates anagramming the letters.
'held'+'over'='heldover'
'heldover' with letters rearranged gives 'VERDELHO'.

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(Another definition for verdelho that I've seen is " Wine".)

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

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