Ran out ridiculously pleased (7)
I believe the answer is:
elapsed
'ran out' is the definition.
(I've seen this in another clue)
'ridiculously pleased' is the wordplay.
'ridiculously' is an anagram indicator (I've seen this in other clues).
'pleased' is an anagram of 'ELAPSED'.
(Other definitions for elapsed that I've seen before include "Pleased (anag.)" , "Passed, of time" , "Pleased to have passed" , "slipped away" , "Went by" .)