Crossword Genius

Refurbish Christmas tree after removing torn chits and pennant (8)

Ross

I believe the answer is:

streamer

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'pennant' is the definition.
(synonyms)

I don't understand the rest of the clue.

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(Other definitions for streamer that I've seen before include "It blows in the wind" , "Long flag, tapering perhaps" , "Long narrow ribbon for er, master" , "Heavy cold" , "shocking cold?" .)

I've seen this clue in The Hindu.
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