Sliced mullet? (3)
I believe the answer is:
cut
This clue is a double definition.
'sliced' is the first definition.
(similar in meaning)
'mullet?' is the second definition.
(type of haircut)
(Other definitions for cut that I've seen before include "score" , "Slash" , "Fail to attend" , "Shorten; (one's) share" , "Remove; slice" .)