Travel south to drink and chew the rag (6)

I believe the answer is:
gossip
'chew the rag' is the definition.
'gossip' can be an answer for 'chew' (thesaurus). I'm unsure of the 'the rag' bit.
'travel south to drink' is the wordplay.
'travel' becomes 'go' (synonyms).
'south' becomes 's' (abbreviation).
'to drink' becomes 'sip' (sipping is a kind of drinking).
'go'+'s'+'sip'='GOSSIP'
'and' acts as a link.
Can you help me to learn more?
(Other definitions for gossip that I've seen before include "Type of column" , "muck spreader" , "female friend at a birth" , "Casual chit-chat" , "Loose malicious talk" .)
