The neck gets cold wrapped in tattered rags (5)
I believe the answer is:
scrag
'the neck' is the definition.
(I've seen this before)
'cold wrapped in tattered rags' is the wordplay.
'cold' becomes 'c' (eg on taps).
'wrapped in' is an insertion indicator.
'tattered' indicates an anagram.
'rags' anagrammed gives 'srag'.
'c' going within 'srag' is 'SCRAG'.
'gets' acts as a link.
(Other definitions for scrag that I've seen before include "Lean end of mutton neck" , "Bony part of the neck" , "Poor quality meat - throttle" , "End of neck - beat up" , "The inferior end of a neck of mutton" .)