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Swimming in baths or holding this at the bar perhaps (7)

Ross

I believe the answer is:

absinth

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'holding this at the bar perhaps' is the definition.
Although both the answer and definition are singular nouns, I cannot understand how they can define each other.

'swimming in baths' is the wordplay.
'swimming' is an anagram indicator.
'in'+'baths'='inbaths'
'inbaths' anagrammed gives 'ABSINTH'.

'or' is the link.

Can you help me to learn more?

(Other definitions for absinth that I've seen before include "sort of liqueur" , "(Originally) a wormwood-based liqueur" , "Strong liqueur with wormwood and anise" , "Shrubby plant" , "Aniseed-flavoured liqueur" .)

I've seen this clue in the Irish Times and the Irish Times (Crosaire).
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