Sounds like great craic as a consequence of smashing the record (8)

I believe the answer is:

breakage

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'record' is the definition.
The definition and answer can be both acts as well as being singular nouns.
Maybe they are linked in a way I don't understand?

I don't understand the remainder of the clue.

Can you help me to learn more?

(Other definitions for breakage that I've seen before include "Smashed article" , "Damage caused by smashing" , "Act of smashing" , "Act of shattering" , "Reimbursement for goods damaged in transit" .)

I've seen this clue in the Irish Times.

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