Sniff? No way! (4)

I believe the answer is:

nose

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'sniff?' is the definition.
(I've seen this in another clue)

'no way' is the wordplay.
'way' becomes 'se' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'no'+'se'='NOSE'

Can you help me to learn more?

(Other definitions for nose that I've seen before include "front part of vehicle" , "Aroma of wine" , "Asian wind instrument -- use Teflon (anag)" , "Hooter" , "Front of an aircraft" .)

I've seen this clue in the Sydney Morning Herald.

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