Sob as ET's drunk toxic stuff (8)

I believe the answer is:

asbestos

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'toxic stuff' is the definition.
'asbestos' can be an answer for 'stuff' (asbestos is a kind of stuff). I am not sure about the 'toxic' bit.

'sob as et's drunk' is the wordplay.
'drunk' is an anagram indicator.
'sob'+'as'+'ets'='sobasets'
'sobasets' is an anagram of 'ASBESTOS'.

Can you help me to learn more?

(Other definitions for asbestos that I've seen before include "I might end up lagging" , "Fireproof material, now known to be dangerous" , "Once used for safety, it proved dangerous" , "risky material" , "dangerous dust" .)

I've seen this clue in The Irish Times.

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