Show bust and get all naked for audience (5)

Ross

I believe the answer is:

house

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'for audience' is the definition.
(term for a theatre's audience)

I don't understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for house that I've seen before include "Theatre audience - dwelling" , "See 1" , "Royal family" , "Home building" , "Bingo hall cry" .)

I've seen this clue in The Independent.

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