Show of respect for fashion accessory that's on point (6)

I believe the answer is:

hattip

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'show of respect for fashion' is the definition.
I know nothing about this answer so I cannot judge whether this works.

'accessory that's on point' is the wordplay.
'accessory' becomes 'hat' (I've seen this before).
'that's on' means one lot of letters go next to another (in a down clue, letters appear on others).
'point' becomes 'tip' (tip is a kind of point).
'hat'+'tip'='HATTIP'

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I've seen this clue in The Irish Times.

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